A BILL TO BE ENTITLED
AN ACT to revise requirements regarding the transfer of funds from a local school administrative unit to a charter school to incentivize the timely transfer of funds.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 115C‑218.105(c) reads as rewritten:
"(c)	If a student attends a charter school, the local school administrative unit in which the child resides shall transfer to the charter school an amount equal to the per pupil share of the local current expense fund of the local school administrative unit for the fiscal year. The per pupil share of the local current expense fund shall be transferred to the charter school following the receipt of monies into the local current expense fund and within 30 days of receipt of a written request from the charter school identifying the student or students enrolled in the charter school who reside in the local school administrative unit. If the local school administrative unit fails to transfer the per pupil share of the local current expense fund to the charter school within 30 days of receipt of the written request, the sum to be transferred shall be increased by eight percent (8%). Beginning on the thirty‑first day from the date the local school administrative unit receives the written request from the charter school, interest shall accrue on this amount at the legal rate provided in G.S. 24‑1 until the total amount, including applicable increases as provided in this subsection, is transferred to the charter school. If the local school administrative unit receives additional monies into the local current expense fund following the initial transfer to the charter school, the local school administrative unit shall transfer the per pupil share of those additional monies to the charter school within 30 days of receipt. In the event the local school administrative unit and the charter school disagree on the amount owed to the charter school, the local school administrative unit shall not delay payment of the undisputed amount. The local school administrative unit and charter school may use the process for mediation of differences between the State Board and a charter school provided in G.S. 115C‑218.95(d) to resolve differences on calculation and transference of the per pupil share of the local current expense fund. The amount transferred under this subsection that consists of revenue derived from supplemental taxes shall be transferred only to a charter school located in the tax district for which these taxes are levied and in which the student resides."
SECTION 2.  This act is effective when it becomes law and applies beginning with the 2021‑2022 school year.