A BILL TO BE ENTITLED
AN ACT to appropriate funds for disadvantaged student supplemental funding.
The General Assembly of North Carolina enacts:
SECTION 1.(a)  There is appropriated from the General Fund to the Department of Public Instruction the sum of one hundred million dollars ($100,000,000) for the 2005‑2006 fiscal year and the sum of one hundred million dollars ($100,000,000) for the 2006‑2007 fiscal year for disadvantaged student supplemental funding.
SECTION 1.(b)  The State Board of Education shall allocate funds in the disadvantaged student supplemental funding allotment on the basis of the fundable disadvantaged population in each local school administrative unit. Each unit shall receive an equal amount for each student in the fundable disadvantaged population.
The fundable disadvantaged population for each unit shall be computed in accordance with the revised formula option presented by the Department of Public Instruction to the State Board of Education at its December 2004 meeting.
SECTION 2.  This act becomes effective July 1, 2005.