115C-238.71. Finance and budget.
(a) The local school administrative unit identified as the finance agent by resolution pursuant to G.S. 115C-238.62 shall be the finance agent for the Board and shall have all the rights, duties, and obligations for receipt, accounting, and dispersing funds for the board of directors, including all the rights, duties, and obligations specified in Article 31 of this Chapter, which powers shall be exercised by the identified local school administrative unit for and on behalf of the board of directors. The board of directors shall provide reasonable compensation to the local school administrative unit for this service.
(b) No later than 10 days after the money is appropriated to the local current expense fund, each local board of education of a participating unit shall transfer to the board of directors the amount required under G.S. 115C-238.70(c) for each child enrolled in the school who resides in that participating unit. Once it has received funds from the local board of education, the board of directors shall be under no obligation to return the funds. (2011-241, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 115C - Elementary and Secondary Education
Article 16 - Optional Programs.
§ 115C-230 - Special projects.
§ 115C-231 - Adult education programs; tuition; limitation of enrollment of pupils over 21.
§ 115C-232 - Local financing of summer schools.
§ 115C-233 - Operation of summer schools.
§ 115C-234 - Remote academies.
§ 115C-234.5 - Remote academy enrollment.
§ 115C-234.10 - Remote academy requirements.
§ 115C-234.15 - Remote academy approval process.
§ 115C-234.20 - Operation and renewal of remote academies.
§ 115C-238.1 through 115C-238.4 - Recodified as §§ 115C-105.20 through 115C-105.35.
§ 115C-238.6 through 115C-238.8 - Recodified as §§ 115C-105.29 through 115C-105.32.
§ 115C-238.31 - Extended services programs.
§ 115C-238.32 - Needs assessment; community-based collaboration.
§ 115C-238.51 - Application process.
§ 115C-238.51A - Approval process.
§ 115C-238.52 - Participation by other education partners.
§ 115C-238.53 - Operation of cooperative innovative high schools.
§ 115C-238.54 - Funds for cooperative innovative high schools.
§ 115C-238.55 - Evaluation of cooperative innovative high schools.
§ 115C-238.63 - Regional school boards of directors; appointment; terms of office.
§ 115C-238.64 - Board of directors; meetings; rules of procedure; officers.
§ 115C-238.65 - Board of directors; corporate powers.
§ 115C-238.66 - Board of directors; powers and duties.
§ 115C-238.67 - Student admissions and assignment.
§ 115C-238.69 - Parent Advisory Council; purpose; appointments.
§ 115C-238.70 - State and local funds.
§ 115C-238.71 - Finance and budget.
§ 115C-238.72 - Participating units.
§ 115C-238.73 - Criminal history record checks.
§ 115C-238.81 - Administration of the North Carolina Virtual Public School program.
§ 115C-238.82 - Allotment formula; adjustments to other allotments; enrollment reserve.
§ 115C-238.83 - NCVPS Advisory Council.