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 six million eight hundred six thousand two hundred forty dollars ($6,806,240) for the 2007‑2008 fiscal year and the sum of six million eight hundred six thousand two hundred forty dollars ($6,806,240) 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 sixty-two dollars and sixty cents ($1,062.60) per child.
The State Board shall allocate funds for no more than 62,124 students, which is four and one-fourth percent (4.25%) of statewide total allotted average daily membership, for the 2007‑2008 school year.
SECTION 2.  This act becomes effective July 1, 2007.