A BILL TO BE ENTITLED
AN ACT to provide that a non‑state entity that receives a state appropriation shall use no more than fifteen percent of the state funds appropriated to the non‑state entity for administrative expenses unless otherwise authorized by law.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 143C‑6‑22(a) reads as rewritten:
"(a)	Disbursement and Use of State Funds. – Every non‑State entity that receives, uses, or expends any State funds shall use or expend the funds only for the purposes for which they were appropriated by the General Assembly. A non‑State entity shall use no more than fifteen percent (15%) of any State funds appropriated to the non‑State entity for a fiscal year for administrative expenses in that fiscal year unless otherwise authorized by law. State funds include federal funds that flow through the State Treasury."
SECTION 2.  This act becomes effective July 1, 2007.