GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION LAW 2001-449
AN ACT TO PROVIDE SOME BUDGET FLEXIBILITY TO THE NORTH CAROLINA SCHOOL OF SCIENCE AND MATHEMATICS.
The General Assembly of North Carolina enacts:
SECTION 1. G.S. 116-30.2 reads as rewritten:
"§
116-30.2. Appropriations to special responsibility constituent institutions.institutions
and to the North Carolina School of Science and Mathematics.
(a) All General
Fund appropriations made by the General Assembly for continuing operations of a
special responsibility constituent institution of The University of North
Carolina shall be made in the form of a single sum to each budget code of the
institution for each year of the fiscal period for which the appropriations are
being made. Notwithstanding G.S. 143-23(a1), G.S. 143-23(a2), and G.S. 143-23(a3)
and G.S. 120-76(8), each special responsibility constituent institution may
expend monies from the overhead receipts special fund budget code and the
General Fund monies so appropriated to it in the manner deemed by the
Chancellor to be calculated to maintain and advance the programs and services
of the institutions, consistent with the directives and policies of the Board
of Governors. The preparation, presentation, and review of General Fund budget
requests of special responsibility constituent institutions shall be conducted
in the same manner as are requests of other constituent institutions. The
quarterly allotment procedure established pursuant to G.S. 143-17 shall apply
to the General Fund appropriations made for the current operations of each
special responsibility constituent institution. All General Fund monies so
appropriated to each special responsibility constituent institution shall be
recorded, reported, and audited in the same manner as are General Fund
appropriations to other constituent institutions.
(b) The North Carolina School of Science and Mathematics is authorized to be designated as a special responsibility constituent institution for the purposes of G.S. 116-30.1, G.S. 116-30.4, G.S. 116-30.5, G.S. 116-30.6, and G.S. 116-31.10. In addition, all General Fund appropriations made by the General Assembly for continuing operations of the North Carolina School of Science and Mathematics shall be made in the form of a single sum to each budget code of the School for each year of the fiscal period for which the appropriations are being made. Notwithstanding G.S. 143-23(a1), G.S. 143-23(a2), and G.S. 120-76(8), the North Carolina School of Science and Mathematics may expend monies from the overhead receipts special fund budget code and the General Fund monies so appropriated to it in the manner deemed by the Director of the School to be calculated to maintain and advance the programs and services of the School, consistent with the directives and policies of the Board of Trustees of the North Carolina School of Science and Mathematics. The preparation, presentation, and review of General Fund budget requests of the North Carolina School of Science and Mathematics shall be conducted in the same manner as are requests of the constituent institutions. The quarterly allotment procedure established under G.S. 143-17 shall apply to the General Fund appropriations made for the current operations of the North Carolina School of Science and Mathematics. All General Fund monies so appropriated to the North Carolina School of Science and Mathematics shall be recorded, reported, and audited in the same manner as are General Fund appropriations to constituent institutions of The University of North Carolina."
SECTION 2. This act becomes effective July 1, 2001.
In the General Assembly read three times and ratified this the 11th day of October, 2001.
s/ Beverly E. Perdue
President of the Senate
s/ James B. Black
Speaker of the House of Representatives
s/ Michael F. Easley
Governor
Approved 5:16 p.m. this 20th day of October, 2001