A BILL TO BE ENTITLED
AN ACT to increase 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 five hundred eighteen thousand three hundred eighty‑three dollars ($3,518,383) for the 2008‑2009 fiscal year to increase funding for academically or intellectually gifted students. The State Board of Education shall allocate funds for academically or intellectually gifted children on the basis of one thousand one hundred forty‑two dollars and fifty‑eight cents ($1,142.58) per child.  Each local school administrative unit shall receive funds for a maximum of four percent (4%) 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.