2005 North Carolina Code - General Statutes § 115C-102.6D. Establishment of the State School Technology Fund; allocation and use of funds.

§ 115C‑102.6D.  Establishment of the State School Technology Fund; allocation and use of funds.

(a)       There is established under the control and direction of the State Board of Education the State School Technology Fund. This fund shall be a nonreverting special revenue fund consisting of any monies appropriated to it by the General Assembly and any monies credited to it under G.S. 20‑81.12 from the sale of School Technology special license plates.

(b)       Funds in the State School Technology Fund shall be allocated to local school administrative units as directed by the General Assembly. Funds allocated to each local school administrative unit shall be credited with interest by the State Treasurer pursuant to G.S. 147‑69.2 and G.S. 147‑69.3.

(c)       Each local school administrative unit with a local school system technology plan approved by the State Board of Education may use funds allocated to it to implement its local plan or as otherwise specified by the General Assembly. (1993 (Reg. Sess., 1994), c. 769, s. 19.26(b); 1997‑484, s. 7.)