A BILL TO BE ENTITLED
AN ACT to REPEAL THE hackney amendment to charter school funding.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 115C‑426(c) reads as rewritten:
"(c)	The uniform budget format shall require the following funds:
(1)	The State Public School Fund.
(2)	The local current expense fund.
(3)	The capital outlay fund.
In addition, other funds may be used to account for trust funds, federal grants restricted as to use, and special programs.
Each local school administrative unit shall maintain those funds shown in the uniform budget format that are applicable to its operations."
SECTION 2.  This act is effective when it becomes law.