GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1989

H	1 

HOUSE BILL 1987

Short Title:  U.S.D.A. Grant Match Funds.	(Public)
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Sponsors: Representatives Gist, Barnhill, Blue, Burke, Cunningham, Edwards, Fitch, Hardaway, H. Hunter, Jeralds, Kennedy, Locks, Michaux, Holt, James, Nesbitt, R. Hunter, Mercer, Anderson, Lineberry, Greenwood, Warren, Watkins, Albertson, N. Crawfor; Bowen, Flaherty, McLaughlin, Ramsey, and Stewart.
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Referred to:  Appropriations.
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May 11, 1989

A BILL TO BE ENTITLED
AN ACT TO APPROPRIATE FUNDS TO ESTABLISH A RESERVE FUND TO MATCH A U.S.D.A. CHALLENGE GRANT FOR INSTRUCTION AND RESEARCH IN FOOD AND AGRICULTURAL SCIENCES AT NORTH CAROLINA A & T STATE UNIVERSITY.
The General Assembly of North Carolina enacts:
Section 1.  The Board of Governors shall establish and administer a reserve fund to be known as the A & T University U.S.D.A. Matching Grant Fund.  The Fund shall be placed in an interest bearing account and any interest or other income derived from the Fund shall be credited to the Fund.  The A & T University U.S.D.A. Matching Grant Fund shall be used as matching funds to secure a U.S.D.A. Challenge Grant for North Carolina A & T State University to use for support of instruction and research at North Carolina A & T State University in the food and agricultural sciences. 
Sec. 2. There is appropriated from the General Fund to the Board of Governors for The University of North Carolina for the A & T University U.S.D.A. Matching Grant Fund the sum of $1,000,000 for the 1989-90 fiscal year to be used as provided in Section 1 of this act.
Sec. 3.  This act shall become effective July 1, 1989.