A BILL TO BE ENTITLED
AN ACT to REQUIRE THE REVENUE LAWS STUDY COMMITTEE TO STUDY METHODS FOR FUNDING THE COST OF ALLOWING LOCAL SCHOOL ADMINISTRATIVE UNITS A SALES AND USE TAX EXEMPTION INSTEAD OF A SALES AND USE TAX refund AND TO REQUIRE THE JOINT LEGISLATIVE EDUCATION OVERSIGHT COMMITTEE TO STUDY THE ISSUE OF CHANGING THE KINDERGARTEN ADMISSION REQUIREMENTS. 
The General Assembly of North Carolina enacts:
SECTION 1.  The Revenue Laws Study Committee shall study the issue of allowing local school administrative units a sales and use tax exemption instead of a sales and use tax refund and methods to fund this change.  The Committee shall report its findings and any legislative recommendations it may make to the 2004 Regular Session of the 2003 General Assembly.
SECTION 2.  The Joint Legislative Education Oversight Committee shall study the issue of modifying kindergarten admission requirements as it relates to student readiness to enter kindergarten.  The Committee shall report its findings and any legislative recommendations it may make to the 2004 Regular Session of the 2003 General Assembly.
SECTION 3.  This act is effective when it becomes law.