2011 North Carolina General Statutes
Chapter 115C Elementary and Secondary Education.
Article 32D - Fund for Special Education and Related Services.
115C-472.15. Fund for Special Education and Related Services.
115C‑472.15. Fund for Special Education and Related Services.
(a) The Fund for Special Education and Related Services is established as a special revenue fund under the control and direction of the State Board of Education. Interest and other investment income earned by the Fund accrue to it, and revenue in the Fund does not revert. The Fund consists of money credited to it under G.S. 105‑151.33.
(b) The State Board of Education shall use the revenue in the Fund only for special educational and related services for children with disabilities. In addition, the State Board of Education shall use revenues in the Fund to reimburse local educational agencies for conducting reevaluations for continued eligibility and developing revised individualized education programs pursuant to G.S. 105‑151.33(a)(1). (2011‑395, s. 3.)
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