A BILL TO BE ENTITLED
AN ACT to give employees of the university of north carolina a three percent raise for the 2013‑2014 fiscal year and an additional three percent raise for the 2014‑2015 fiscal year.
The General Assembly of North Carolina enacts:
SECTION 1.(a)  Effective July 1, 2013, the Director of the Budget shall transfer to the Board of Governors of The University of North Carolina sufficient funds from the Reserve for Compensation Increases, created in this act for fiscal years 2013‑2014 and 2014‑2015, including funds for the employer's retirement and social security contributions, to provide SPA employees, EPA faculty, and EPA nonfaculty of The University of North Carolina, including teachers of the North Carolina School of Science and Mathematics, whose salaries are supported by State funds, an annual salary increase of three percent (3%). These funds may not be used for any purpose other than for salary increases and necessary employer contributions, as provided by this section.
SECTION 1.(b)  Effective July 1, 2014, the Director of the Budget shall transfer to the Board of Governors of The University of North Carolina sufficient funds from the Reserve for Compensation Increases, created in this act for fiscal year 2014‑2015, including funds for the employer's retirement and social security contributions, to provide to SPA employees, EPA faculty, and EPA nonfaculty of The University of North Carolina, including teachers of the North Carolina School of Science and Mathematics, whose salaries are supported by State funds, an annual salary increase of three percent (3%). These funds may not be used for any purpose other than for salary increases and necessary employer contributions, as provided by this section.
SECTION 2.  There is established in the Office of State Budget and Management the Reserve for Compensation Increases for The University of North Carolina System Employees. The funds in the Reserve shall be used to provide salary increases to employees of The University of North Carolina as provided by this act.
SECTION 3.  There is appropriated from the General Fund to the Reserve for Compensation Increases for The University of North Carolina System Employees the sum of eighty million two hundred eight thousand two hundred forty‑six dollars ($80,208,246) for the 2013‑2014 fiscal year and the sum of one hundred sixty‑two million eight hundred twenty‑two thousand seven hundred thirty‑nine dollars ($162,822,739) for the 2014‑2015 fiscal year.
SECTION 4.  This act becomes effective July 1, 2013.