A BILL TO BE ENTITLED
AN ACT to raise the funding cap on children receiving supplemental funding for academically or intellectually gifted children.
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 three million nine hundred ninety‑seven thousand three hundred ninety dollars ($3,997,390) for the 2008‑2009 fiscal year to raise the funding cap on children receiving supplemental funding for academically or intellectually gifted children.  Each local school administrative unit shall receive funds for a maximum of four and twenty‑five one hundredths percent (4.25%) of its 2008‑2009 allocated average daily membership, regardless of the number of children identified as academically or intellectually gifted in the unit.
SECTION 2.  This act becomes effective July 1, 2008.