A BILL TO BE ENTITLED
AN ACT to appropriate additional funds for faculty recruitment and retention for the university of north carolina, as recommended by the board of governors of the university of north carolina.
The General Assembly of North Carolina enacts:
SECTION 1.  There is appropriated from the General Fund to the Board of Governors of The University of North Carolina the sum of ten million dollars ($10,000,000) in additional recurring funds for the 2019‑2020 fiscal year and the sum of fifteen million dollars ($15,000,000) in additional recurring funds for the 2020‑2021 fiscal year for the Faculty Recruitment and Retention Fund of The University of North Carolina. The monies in the Fund shall be used to ensure competitive recruitment of excellent faculty to constituent institutions and to build strong salary structures to reward high‑performing faculty. In particular, these funds shall be used for data‑driven proposals from constituent institutions for specific salary adjustments of both recruited and current faculty designed to build and retain talent in areas of critical importance to the varied missions, regions, and needs across the State.
SECTION 2.  This act becomes effective July 1, 2019.