A BILL TO BE ENTITLED
AN ACT to ESTABLISH a community college enrollment reserve fund.
The General Assembly of North Carolina enacts:
SECTION 1.  There is appropriated from the General Fund to the Community Colleges System Office the sum of eleven million dollars ($11,000,000) for the 2005‑2006 fiscal year to establish a nonreverting enrollment reserve fund.  The enrollment reserve fund shall be used to ensure that the gap between funded FTE and the actual number of students served at a college does not exceed three and two‑tenths percent (3.2%) in any academic year.
The State Board of Community Colleges shall adopt a formula for the distribution of reserve funds.  The formula shall ensure that students are not denied services or underserved due to excess enrollment growth.
SECTION 2.  This act becomes effective July 1, 2005.