A BILL TO BE ENTITLED
AN ACT to raise the funding cap on children receiving supplemental funding for academically or intellectually gifted children, as recommended by the joint legislative study committee on public school funding formulas.
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.