A BILL TO BE ENTITLED
AN ACT directing the joint legislative education oversight committee to study the issue of low‑wealth school funding.
The General Assembly of North Carolina enacts:
SECTION 1.  The Joint Legislative Education Oversight Committee shall study the issue of low‑wealth school funding.  In the course of the study the Committee shall determine the level of State funding necessary to support an adequate basic education in all local school administrative units.  The Committee shall report its findings and recommendations to the 2005 General Assembly.
SECTION 2.  There is appropriated from the General Fund to the General Assembly the sum of fifty thousand dollars ($50,000) for the 2004‑2005 fiscal year to implement the provisions of this act.
SECTION 3.  This act becomes effective July 1, 2004.