A BILL TO BE ENTITLED
AN ACT to ESTABLISH THE JOINT LEGISLATIVE STUDY COMMIttee ON public school funding formulas.
The General Assembly of North Carolina enacts:
SECTION 1.(a)  There is created the Joint Legislative Study Committee on Public School Funding Formulas. The Committee shall consist of six members of the House of Representatives appointed by  the Speaker of the House of Representatives and six members of the Senate appointed by the President Pro Tempore of the Senate. The Speaker of the House of Representatives shall  appoint a cochair, and the President Pro Tempore of the Senate shall appoint a cochair for the Committee. 
The Committee, while in the discharge of its official duties, may exercise all powers provided for under G.S. 120‑19 and G.S. 120‑19.1 through G.S. 120‑19.4. The Committee may contract for professional, clerical, or consultant services as provided by G.S. 120‑32.02.
Subject to the approval of the Legislative Services Commission, the Committee may meet in the Legislative Building or the Legislative Office Building. The Legislative Services Commission, through the Legislative Services Officer, shall assign professional staff to assist the Committee in its work. The House of Representatives' and the Senate's Supervisors of Clerks shall assign clerical support staff to the Committee, and the expenses relating to the clerical employees shall be borne by the Committee.
SECTION 1.(b)  The Committee shall perform an extensive study of the following public school funding formulas:
(1)	Children with Disabilities;
(2)	Limited English Proficiency;
(3)	At‑Risk Student Services/Alternative Schools;
(4)	Improving Student Accountability;
(5)	Disadvantaged Students Supplemental;
(6)	Low-Wealth Counties Supplemental Funding;
(7)	Small County Supplemental Funding; and
(8)	Transportation of Pupils.
SECTION 1.(c)  The Committee shall submit a report of its findings and recommendations, including any legislative recommendations, to the 2008 Regular Session of the 2007 General Assembly.  The Committee shall terminate upon filing its report.
SECTION 2.  This act is effective when it becomes law.