A BILL TO BE ENTITLED
AN ACT to transfer additional funding to the savings reserve.
The General Assembly of North Carolina enacts:
SECTION 1.  In addition to the amount required under G.S. 143C‑4‑2, the State Controller shall transfer to the Savings Reserve the sum of six hundred twenty‑three million dollars ($623,000,000) in nonrecurring funds for the 2020‑2021 fiscal year. This transfer is not an "appropriation made by law," as that phrase is used in Section 7(1) of Article V of the North Carolina Constitution.
SECTION 2.  This act becomes effective July 1, 2020.