North Carolina General Statutes
Article 38B - Needs-Based Public School Capital Fund.
§ 115C-546.11 - Matching requirement; use of funds; maximum awards; project review.

115C-546.11. Matching requirement; use of funds; maximum awards.
(a) An eligible county awarded a grant under this Article shall provide local matching funds from county funds, other non-State funds, or a combination of these sources for the grant as provided in this section. An eligible county is a county with an adjusted market value of taxable real property of less than forty billion dollars ($40,000,000,000). The adjusted market value of taxable property in a county is equal to the county's assessed taxable real property value, using the latest available data published by the Department of Revenue, divided by the county's sales assessment ratio determined under G.S. 105-289(h). The amount of matching funds for a county awarded a grant shall be published annually by the Department of Public Instruction prior to any application period. The local match requirement applied to the project shall be based on the match requirement effective at the time of the grant award. The local match requirement is calculated as follows:
(b) Grant funds shall be used only for the construction of new school buildings and additions, repairs, and renovations. Grant funds shall not be used for real property acquisition or for capital improvements to administrative buildings. Grant funds shall be disbursed in a series of payments based on the progress of the project. To obtain a payment, the grantee shall submit a request for payment along with documentation of the expenditures for which the payment is requested and evidence that the matching requirement contained in subsection (a) of this section has been met. No portion of grant funds may be used to acquire a Leadership in Energy and Environmental Design (LEED) certification.
(c) Maximum grant award amounts shall be determined as follows:
(1) Up to thirty million dollars ($30,000,000) for an elementary school.
(2) Up to forty million dollars ($40,000,000) for a middle school or a combination of an elementary and middle school.
(3) Up to fifty million dollars ($50,000,000) for a high school.
(d) The Department of Public Instruction shall review projected enrollment to evaluate the reasonableness of a project's size and scope. (2021-180, s. 4.4(a).)

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