GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1989

H	1 

HOUSE BILL 1380

Short Title:  N.C. REAL Enterprises Funds.	(Public)
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Sponsors: Representatives James; and H. Hunter.
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Referred to:  Appropriations.
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April 24, 1989

A BILL TO BE ENTITLED
AN ACT TO APPROPRIATE FUNDS TO NORTH CAROLINA REAL ENTERPRISES, INC., FOR A RURAL SCHOOL-BASED ENTERPRISE PROGRAM.
The General Assembly of North Carolina enacts:
Section 1.  There is appropriated from the General Fund to North Carolina REAL Enterprises, Inc., $500,000 for the 1989-90 fiscal year and $500,000 for the 1990-91 fiscal year to continue a rural school-based enterprise program:
(1)	$250,000 each year to be used  to support teachers and program operations at each of 10 pilot sites across North Carolina;
(2)	$150,000 each year to sustain the technical assistance, training and management support provided by North Carolina REAL Enterprises, Inc., at no cost to the participating pilot sites; and 
(3)	$100,000 each year to expand the capital pool through which North Carolina REAL Enterprises, Inc., makes loans to, and investments in, the rural school-based enterprises generated by this program.
Sec. 2.  This act shall become effective July 1, 1989.