A BILL TO BE ENTITLED
AN ACT TO APPROPRIATE SUPPLEMENTAL FUNDING FOR LOW‑WEALTH SCHOOL SYSTEMS.
The General Assembly of North Carolina enacts:
SECTION 1.  There is appropriated from the General Fund to the Department of Public Instruction the sum of twenty million dollars ($20,000,000) for the 2005‑2006 fiscal year and the sum of forty million dollars ($40,000,000) for the 2006‑2007 fiscal year for supplemental funding for low-wealth school systems.
SECTION 2.  It is the goal of the General Assembly to provide an additional twenty million dollars ($20,000,000) in funding for low-wealth school systems for the 2007-2008 fiscal year to fully implement the funding formula for low-wealth supplemental funding.
SECTION 3.  This act becomes effective July 1, 2005.