115C-449. Proceeds of insurance claims.
Moneys paid to a local school administrative unit pursuant to contracts of insurance against loss of capital assets through fire or casualty shall be used to repair or replace the damaged asset, or if the asset is not repaired or replaced, placed to the credit of the capital outlay fund for appropriation at some future time. (1975, c. 437, s. 1; 1981, c. 423, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 115C - Elementary and Secondary Education
Article 31 - The School Budget and Fiscal Control Act.
§ 115C-424 - Uniform system; conflicting laws and local acts superseded.
§ 115C-425 - Annual balanced budget resolution.
§ 115C-426 - Uniform budget format.
§ 115C-426.1 - Vending facilities.
§ 115C-426.2 - Joint planning.
§ 115C-427 - Preparation and submission of budget and budget message.
§ 115C-428 - Filing and publication of the budget; budget hearing.
§ 115C-430 - Apportionment of county appropriations among local school administrative units.
§ 115C-432 - The budget resolution; adoption; limitations; tax levy; filing.
§ 115C-433 - Amendments to the budget resolution; budget transfers.
§ 115C-435 - School finance officer.
§ 115C-436 - Duties of school finance officer.
§ 115C-437 - Allocation of revenues to the local school administrative unit by the county.
§ 115C-438 - Provision for disbursement of State money.
§ 115C-439 - Facsimile signatures.
§ 115C-440 - Accounting system.
§ 115C-440.1 - Report on county spending on public capital outlay.
§ 115C-441 - Budgetary accounting for appropriations.
§ 115C-441.1 - Dependent care assistance program.
§ 115C-443 - Investment of idle cash.
§ 115C-444 - Selection of depository; deposits to be secured.
§ 115C-446 - Semiannual reports on status of deposits and investments.
§ 115C-447 - Annual independent audit.
§ 115C-448 - Special funds of individual schools.
§ 115C-449 - Proceeds of insurance claims.
§ 115C-450 - School food services.
§ 115C-451 - Reports to State Board of Education; failure to comply with School Budget Act.