North Carolina 2018 Extra Session 1 Status: In Committee 2 D cosponsors

SB 5 — Public School Building Bond Act of 2018.

Last action — Filed

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2018 Extra Session 1. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Bill Text

What changed in the latest version

22 added · 23 removed

Plain-language change summary

The recent amendment to Senate Bill 5 includes the addition of a section related to unmatched proceeds, specifically addressing actions the State Board of Education might take if certain conditions are met. This change clarifies how any unmatched funds should be handled, which is important for ensuring transparency and efficiency in managing educational resources. By explicitly outlining these procedures, the amendment aims to improve fiscal responsibility in state education funding.

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FILED SENATE GENERAL ASSEMBLY OF NORTH CAROLINA Jul 24, 2018 S.B.
GENERAL ASSEMBLY OF NORTH CAROLINA FIRST EXTRA SESSION 2018 S 1 SENATE BILL 5 Short Title:
5 FIRST EXTRA SESSION 2018 PRINCIPAL CLERK S D SENATE BILL DRS35002-MCx-1 Short Title:
A BILL TO BE ENTITLED AN ACT TO ENACT THE PUBLIC SCHOOL BUILDING BOND ACT OF 2018.
Rules and Operations of the Senate July 24, 2018 A BILL TO BE ENTITLED AN ACT TO ENACT THE PUBLIC SCHOOL BUILDING BOND ACT OF 2018.
*DRS35002-MCx-1* General Assembly Of North Carolina First Extra Session 2018 g.
*S5-v-1* General Assembly Of North Carolina First Extra Session 2018 g.
– Subject to a favorable vote of amajorityof the qualified voters ofthe Statewho voteon the questionof issuingbonds for public school capital outlay projects in the election called and held as provided in this section, the State Treasurer is hereby authorized, by and with the consent of the Council of State, to issue and sell, Page 2 DRS35002-MCx-1 General Assembly Of North Carolina First Extra Session 2018 at one time or from time to time, general obligation bonds of the State to be designated "State of North Carolina Public School Building Bonds," with any additional designations as may be determined to indicate the issuance of bonds from time to time, or notes of the State as provided in this section, in an aggregate principal amount not exceeding one billion nine hundred million dollars ($1,900,000,000) for the purpose of providing funds, with any other available funds, for the purposes authorized in this section.
– Subject to a favorable vote of amajorityof the qualified voters ofthe Statewho voteon the questionof issuingbonds for public school capital outlay projects in the election called and held as provided in this section, the State Treasurer is hereby authorized, by and with the consent of the Council of State, to issue and sell, Page 2 Senate Bill 5-First Edition General Assembly Of North Carolina First Extra Session 2018 at one time or from time to time, general obligation bonds of the State to be designated "State of North Carolina Public School Building Bonds," with any additional designations as may be determined to indicate the issuance of bonds from time to time, or notes of the State as provided in this section, in an aggregate principal amount not exceeding one billion nine hundred million dollars ($1,900,000,000) for the purpose of providing funds, with any other available funds, for the purposes authorized in this section.
LEA ADM Low-Wealth ADM Small Total County Growth County Alamance-Burlington Schools $11,894,339 $10,655,658 $1,984,971 $0 $24,534,968 Alexander County Schools $2,583,358 $5,268,881 $0 $0 $7,852,238 Alleghany County Schools $711,838 $0 $0 $11,400,000 $12,111,838 Anson County Schools $1,748,952 $4,758,716 $0 $0 $6,507,668 Ashe County Schools $1,583,956 $0 $0 $11,400,000 $12,983,956 Avery County Schools $1,065,399 $0 $0 $11,400,000 $12,465,399 Beaufort County Schools $3,578,568 $2,208,334 $0 $0 $5,786,902 Bertie County Schools $1,147,635 $3,062,328 $0 $11,400,000 $15,609,963 Bladen County Schools $2,377,506 $4,926,454 $0 $0 $7,303,960 Brunswick County Schools $6,612,390 $0 $2,291,422 $0 $8,903,812 Buncombe County Schools $12,765,935 $0 $0 $0 $12,765,935 Asheville City Schools $2,387,982 $0 $2,681,452 $0 $5,069,434 Burke County Schools $6,412,300 $14,627,330 $0 $0 $21,039,630 Cabarrus County Schools $17,154,290 $0 $20,239,736 $0 $37,394,026 DRS35002-MCx-1 Page 3 General Assembly Of North Carolina First Extra Session 2018 Kannapolis City Schools $2,779,257 $864,967 $174,120 $0 $3,818,344 Caldwell County Schools $6,195,449 $11,838,398 $0 $0 $18,033,847 Camden County Schools $970,592 $1,102,185 $0 $11,400,000 $13,472,778 Carteret County Public Schools $4,359,023 $0 $0 $0 $4,359,023 Caswell County Schools $1,390,676 $3,168,512 $0 $11,400,000 $15,959,188 Catawba County Schools $8,579,764 $0 $0 $0 $8,579,764 Hickory City Schools $2,221,939 $0 $0 $0 $2,221,939 Newton Conover City Schools $1,579,766 $0 $285,557 $0 $1,865,323 Chatham County Schools $4,602,064 $0 $4,715,176 $0 $9,317,240 Cherokee County Schools $1,735,333 $1,545,096 $0 $0 $3,280,430 Edenton-Chowan Schools $1,070,637 $1,033,675 $0 $11,400,000 $13,504,312 Clay County Schools $704,504 $0 $55,718 $11,400,000 $12,160,223 Cleveland County Schools $7,750,596 $13,226,975 $0 $0 $20,977,572 Columbus County Schools $3,040,107 $9,559,234 $0 $0 $12,599,340 Whiteville City Schools $1,167,539 $3,671,180 $0 $0 $4,838,720 Craven County Schools $7,365,083 $2,972,533 $0 $0 $10,337,616 Cumberland County Schools $26,443,796 $23,904,327 $0 $0 $50,348,124 Currituck County Schools $2,114,037 $0 $787,023 $0 $2,901,061 Dare County Schools $2,668,736 $0 $1,239,736 $0 $3,908,472 Davidson County Schools $10,031,724 $10,460,171 $0 $0 $20,491,895 Lexington City Schools $1,591,290 $1,659,253 $0 $0 $3,250,543 Thomasville City Schools $1,219,919 $1,272,022 $0 $0 $2,491,941 Davie County Schools $3,269,529 $233,720 $0 $0 $3,503,249 Duplin County Schools $5,051,480 $13,913,743 $2,549,120 $0 $21,514,343 Durham Public Schools $17,529,851 $0 $2,751,100 $0 $20,280,951 Edgecombe County Public Page 4 DRS35002-MCx-1 General Assembly Of North Carolina First Extra Session 2018 Schools $3,139,628 $8,695,956 $0 $0 $11,835,584 Winston-Salem/Forsyth County Schools $28,759,495 $0 $11,958,578 $0 $40,718,072 Franklin County Schools $4,417,164 $9,580,484 $0 $0 $13,997,648 Gaston County Schools $16,513,689 $9,682,736 $3,774,927 $0 $29,971,351 Gates County Schools $841,215 $2,044,497 $0 $11,400,000 $14,285,712 Graham County Schools $626,459 $205,923 $0 $11,400,000 $12,232,382 Granville County Schools $4,036,365 $10,379,794 $0 $0 $14,416,160 Greene County Schools $1,636,860 $5,848,956 $0 $11,400,000 $18,885,816 Guilford County Schools $37,701,201 $0 $0 $0 $37,701,201 Halifax County Schools $1,358,201 $2,752,913 $0 $0 $4,111,113 Roanoke Rapids City Schools $1,525,291 $3,091,590 $0 $0 $4,616,881 Weldon City Schools $454,654 $921,533 $0 $0 $1,376,187 Harnett County Schools $10,988,698 $31,708,691 $7,717,009 $0 $50,414,398 Haywood County Schools $3,757,182 $0 $0 $0 $3,757,182 Henderson County Schools $7,094,281 $0 $0 $0 $7,094,281 Hertford County Schools $1,511,149 $3,743,868 $0 $11,400,000 $16,655,017 Hoke County Schools $4,403,546 $14,037,584 $1,246,701 $0 $19,687,830 Hyde County Schools $317,944 $0 $229,839 $11,400,000 $11,947,782 Iredell-Statesville Schools $10,699,563 $0 $0 $0 $10,699,563 Mooresville Graded School District $3,186,246 $0 $2,792,889 $0 $5,979,134 Jackson County Schools $1,978,374 $0 $995,968 $0 $2,974,342 Johnston County Schools $18,475,301 $35,189,800 $14,605,205 $0 $68,270,306 Jones County Schools $585,079 $450,538 $0 $11,400,000 $12,435,617 Lee County Schools $5,254,713 $6,713,788 $1,218,842 $0 $13,187,342 Lenoir County Public Schools $4,582,683 $8,123,174 $0 $0 $12,705,858 Lincoln County Schools $5,970,217 $586,814 $0 $0 $6,557,031 DRS35002-MCx-1 Page 5 General Assembly Of North Carolina First Extra Session 2018 Macon County Schools $2,303,651 $0 $0 $0 $2,303,651 Madison County Schools $1,224,633 $403,668 $0 $11,400,000 $13,028,301 Martin County Schools $1,693,953 $3,441,064 $0 $0 $5,135,017 McDowell County Schools $3,241,768 $5,991,397 $0 $0 $9,233,165 Charlotte-Mecklenburg Schools $78,674,026 $0 $72,872,801 $0 $151,546,827 Mitchell County Schools $969,021 $95,246 $0 $11,400,000 $12,464,267 Montgomery County Schools $2,056,420 $2,204,655 $0 $0 $4,261,074 Moore County Schools $6,650,103 $0 $1,372,067 $0 $8,022,170 Nash-Rocky Mount Schools $7,989,447 $14,371,718 $0 $0 $22,361,165 New Hanover County Schools $13,935,569 $0 $11,011,364 $0 $24,946,933 Northampton County Schools $933,927 $2,214,071 $0 $11,400,000 $14,547,998 Onslow County Schools $13,901,522 $993,738 $10,161,657 $0 $25,056,918 Orange County Schools $3,951,510 $0 $863,636 $0 $4,815,147 Chapel Hill-Carrboro City Schools $6,410,728 $0 $766,129 $0 $7,176,857 Pamlico County Schools $671,505 $0 $0 $11,400,000 $12,071,505 Elizabeth City-Pasquotank Public Schools $2,992,965 $4,901,814 $0 $0 $7,894,780 Pender County Schools $4,990,720 $7,117,093 $7,877,199 $0 $19,985,012 Perquimans County Schools $861,643 $0 $0 $11,400,000 $12,261,643 Person County Schools $2,392,696 $1,638,918 $0 $0 $4,031,614 Pitt County Schools $12,347,422 $16,479,237 $0 $0 $28,826,660 Polk County Schools $1,132,969 $0 $0 $11,400,000 $12,532,969 Randolph County Schools $9,064,274 $17,536,732 $0 $0 $26,601,006 Asheboro City Schools $2,436,171 $4,713,281 $0 $0 $7,149,452 Richmond County Schools $3,841,513 $11,394,323 $0 $0 $15,235,836 Public Schools of Robeson County $12,144,190 $48,064,710 $0 $0 $60,208,900 Rockingham County Page 6 DRS35002-MCx-1 General Assembly Of North Carolina First Extra Session 2018 Schools $6,529,630 $11,917,196 $0 $0 $18,446,826 Rowan-Salisbury Schools $10,118,674 $12,983,241 $0 $0 $23,101,915 Rutherford County Schools $4,248,502 $7,595,758 $0 $0 $11,844,260 Sampson County Schools $4,377,880 $11,563,052 $0 $0 $15,940,932 Clinton City Schools $1,586,052 $4,189,151 $285,557 $0 $6,060,760 Scotland County Schools $3,075,201 $9,753,031 $0 $0 $12,828,232 Stanly County Schools $4,433,926 $7,413,291 $0 $0 $11,847,217 Stokes County Schools $3,173,151 $5,676,493 $0 $0 $8,849,644 Surry County Schools $4,198,218 $6,722,208 $0 $0 $10,920,426 Elkin City Schools $618,078 $989,669 $0 $0 $1,607,747 Mount Airy City Schools $838,596 $1,342,763 $0 $0 $2,181,359 Swain County Schools $1,029,257 $427,317 $0 $11,400,000 $12,856,574 Transylvania County Schools $1,787,189 $0 $0 $0 $1,787,189 Tyrrell County Schools $319,515 $599,330 $278,592 $11,400,000 $12,597,437 Union County Public Schools $21,984,205 $0 $10,565,616 $0 $32,549,821 Vance County Schools $3,180,484 $9,876,842 $0 $0 $13,057,326 Wake County Schools $85,220,418 $0 $84,650,293 $0 $169,870,711 Warren County Schools $1,125,112 $691,281 $0 $11,400,000 $13,216,393 Washington County Schools $814,501 $1,524,139 $0 $11,400,000 $13,738,640 Watauga County Schools $2,343,983 $0 $0 $0 $2,343,983 Wayne County Public Schools $9,669,782 $13,444,191 $0 $0 $23,113,973 Wilkes County Schools $5,007,481 $7,550,886 $0 $0 $12,558,367 Wilson County Schools $6,314,874 $9,028,273 $0 $0 $15,343,147 Yadkin County Schools $2,774,543 $5,457,894 $0 $0 $8,232,437 Yancey County Schools $1,146,064 $0 $0 $11,400,000 $12,546,064 DRS35002-MCx-1 Page 7 General Assembly Of North Carolina First Extra Session 2018 Total $760M $570M $285M $285M $1.9B (2) Special allocation provisions.
LEA ADM Low-Wealth ADM Small Total County Growth County Alamance-Burlington Schools $11,894,339 $10,655,658 $1,984,971 $0 $24,534,968 Alexander County Schools $2,583,358 $5,268,881 $0 $0 $7,852,238 Alleghany County Schools $711,838 $0 $0 $11,400,000 $12,111,838 Anson County Schools $1,748,952 $4,758,716 $0 $0 $6,507,668 Ashe County Schools $1,583,956 $0 $0 $11,400,000 $12,983,956 Avery County Schools $1,065,399 $0 $0 $11,400,000 $12,465,399 Beaufort County Schools $3,578,568 $2,208,334 $0 $0 $5,786,902 Bertie County Schools $1,147,635 $3,062,328 $0 $11,400,000 $15,609,963 Bladen County Schools $2,377,506 $4,926,454 $0 $0 $7,303,960 Brunswick County Schools $6,612,390 $0 $2,291,422 $0 $8,903,812 Buncombe County Schools $12,765,935 $0 $0 $0 $12,765,935 Asheville City Schools $2,387,982 $0 $2,681,452 $0 $5,069,434 Burke County Schools $6,412,300 $14,627,330 $0 $0 $21,039,630 Cabarrus County Schools $17,154,290 $0 $20,239,736 $0 $37,394,026 Senate Bill 5-First Edition Page 3 General Assembly Of North Carolina First Extra Session 2018 Kannapolis City Schools $2,779,257 $864,967 $174,120 $0 $3,818,344 Caldwell County Schools $6,195,449 $11,838,398 $0 $0 $18,033,847 Camden County Schools $970,592 $1,102,185 $0 $11,400,000 $13,472,778 Carteret County Public Schools $4,359,023 $0 $0 $0 $4,359,023 Caswell County Schools $1,390,676 $3,168,512 $0 $11,400,000 $15,959,188 Catawba County Schools $8,579,764 $0 $0 $0 $8,579,764 Hickory City Schools $2,221,939 $0 $0 $0 $2,221,939 Newton Conover City Schools $1,579,766 $0 $285,557 $0 $1,865,323 Chatham County Schools $4,602,064 $0 $4,715,176 $0 $9,317,240 Cherokee County Schools $1,735,333 $1,545,096 $0 $0 $3,280,430 Edenton-Chowan Schools $1,070,637 $1,033,675 $0 $11,400,000 $13,504,312 Clay County Schools $704,504 $0 $55,718 $11,400,000 $12,160,223 Cleveland County Schools $7,750,596 $13,226,975 $0 $0 $20,977,572 Columbus County Schools $3,040,107 $9,559,234 $0 $0 $12,599,340 Whiteville City Schools $1,167,539 $3,671,180 $0 $0 $4,838,720 Craven County Schools $7,365,083 $2,972,533 $0 $0 $10,337,616 Cumberland County Schools $26,443,796 $23,904,327 $0 $0 $50,348,124 Currituck County Schools $2,114,037 $0 $787,023 $0 $2,901,061 Dare County Schools $2,668,736 $0 $1,239,736 $0 $3,908,472 Davidson County Schools $10,031,724 $10,460,171 $0 $0 $20,491,895 Lexington City Schools $1,591,290 $1,659,253 $0 $0 $3,250,543 Thomasville City Schools $1,219,919 $1,272,022 $0 $0 $2,491,941 Davie County Schools $3,269,529 $233,720 $0 $0 $3,503,249 Duplin County Schools $5,051,480 $13,913,743 $2,549,120 $0 $21,514,343 Durham Public Schools $17,529,851 $0 $2,751,100 $0 $20,280,951 Edgecombe County Public Page 4 Senate Bill 5-First Edition General Assembly Of North Carolina First Extra Session 2018 Schools $3,139,628 $8,695,956 $0 $0 $11,835,584 Winston-Salem/Forsyth County Schools $28,759,495 $0 $11,958,578 $0 $40,718,072 Franklin County Schools $4,417,164 $9,580,484 $0 $0 $13,997,648 Gaston County Schools $16,513,689 $9,682,736 $3,774,927 $0 $29,971,351 Gates County Schools $841,215 $2,044,497 $0 $11,400,000 $14,285,712 Graham County Schools $626,459 $205,923 $0 $11,400,000 $12,232,382 Granville County Schools $4,036,365 $10,379,794 $0 $0 $14,416,160 Greene County Schools $1,636,860 $5,848,956 $0 $11,400,000 $18,885,816 Guilford County Schools $37,701,201 $0 $0 $0 $37,701,201 Halifax County Schools $1,358,201 $2,752,913 $0 $0 $4,111,113 Roanoke Rapids City Schools $1,525,291 $3,091,590 $0 $0 $4,616,881 Weldon City Schools $454,654 $921,533 $0 $0 $1,376,187 Harnett County Schools $10,988,698 $31,708,691 $7,717,009 $0 $50,414,398 Haywood County Schools $3,757,182 $0 $0 $0 $3,757,182 Henderson County Schools $7,094,281 $0 $0 $0 $7,094,281 Hertford County Schools $1,511,149 $3,743,868 $0 $11,400,000 $16,655,017 Hoke County Schools $4,403,546 $14,037,584 $1,246,701 $0 $19,687,830 Hyde County Schools $317,944 $0 $229,839 $11,400,000 $11,947,782 Iredell-Statesville Schools $10,699,563 $0 $0 $0 $10,699,563 Mooresville Graded School District $3,186,246 $0 $2,792,889 $0 $5,979,134 Jackson County Schools $1,978,374 $0 $995,968 $0 $2,974,342 Johnston County Schools $18,475,301 $35,189,800 $14,605,205 $0 $68,270,306 Jones County Schools $585,079 $450,538 $0 $11,400,000 $12,435,617 Lee County Schools $5,254,713 $6,713,788 $1,218,842 $0 $13,187,342 Lenoir County Public Schools $4,582,683 $8,123,174 $0 $0 $12,705,858 Lincoln County Schools $5,970,217 $586,814 $0 $0 $6,557,031 Senate Bill 5-First Edition Page 5 General Assembly Of North Carolina First Extra Session 2018 Macon County Schools $2,303,651 $0 $0 $0 $2,303,651 Madison County Schools $1,224,633 $403,668 $0 $11,400,000 $13,028,301 Martin County Schools $1,693,953 $3,441,064 $0 $0 $5,135,017 McDowell County Schools $3,241,768 $5,991,397 $0 $0 $9,233,165 Charlotte-Mecklenburg Schools $78,674,026 $0 $72,872,801 $0 $151,546,827 Mitchell County Schools $969,021 $95,246 $0 $11,400,000 $12,464,267 Montgomery County Schools $2,056,420 $2,204,655 $0 $0 $4,261,074 Moore County Schools $6,650,103 $0 $1,372,067 $0 $8,022,170 Nash-Rocky Mount Schools $7,989,447 $14,371,718 $0 $0 $22,361,165 New Hanover County Schools $13,935,569 $0 $11,011,364 $0 $24,946,933 Northampton County Schools $933,927 $2,214,071 $0 $11,400,000 $14,547,998 Onslow County Schools $13,901,522 $993,738 $10,161,657 $0 $25,056,918 Orange County Schools $3,951,510 $0 $863,636 $0 $4,815,147 Chapel Hill-Carrboro City Schools $6,410,728 $0 $766,129 $0 $7,176,857 Pamlico County Schools $671,505 $0 $0 $11,400,000 $12,071,505 Elizabeth City-Pasquotank Public Schools $2,992,965 $4,901,814 $0 $0 $7,894,780 Pender County Schools $4,990,720 $7,117,093 $7,877,199 $0 $19,985,012 Perquimans County Schools $861,643 $0 $0 $11,400,000 $12,261,643 Person County Schools $2,392,696 $1,638,918 $0 $0 $4,031,614 Pitt County Schools $12,347,422 $16,479,237 $0 $0 $28,826,660 Polk County Schools $1,132,969 $0 $0 $11,400,000 $12,532,969 Randolph County Schools $9,064,274 $17,536,732 $0 $0 $26,601,006 Asheboro City Schools $2,436,171 $4,713,281 $0 $0 $7,149,452 Richmond County Schools $3,841,513 $11,394,323 $0 $0 $15,235,836 Public Schools of Robeson County $12,144,190 $48,064,710 $0 $0 $60,208,900 Rockingham County Page 6 Senate Bill 5-First Edition General Assembly Of North Carolina First Extra Session 2018 Schools $6,529,630 $11,917,196 $0 $0 $18,446,826 Rowan-Salisbury Schools $10,118,674 $12,983,241 $0 $0 $23,101,915 Rutherford County Schools $4,248,502 $7,595,758 $0 $0 $11,844,260 Sampson County Schools $4,377,880 $11,563,052 $0 $0 $15,940,932 Clinton City Schools $1,586,052 $4,189,151 $285,557 $0 $6,060,760 Scotland County Schools $3,075,201 $9,753,031 $0 $0 $12,828,232 Stanly County Schools $4,433,926 $7,413,291 $0 $0 $11,847,217 Stokes County Schools $3,173,151 $5,676,493 $0 $0 $8,849,644 Surry County Schools $4,198,218 $6,722,208 $0 $0 $10,920,426 Elkin City Schools $618,078 $989,669 $0 $0 $1,607,747 Mount Airy City Schools $838,596 $1,342,763 $0 $0 $2,181,359 Swain County Schools $1,029,257 $427,317 $0 $11,400,000 $12,856,574 Transylvania County Schools $1,787,189 $0 $0 $0 $1,787,189 Tyrrell County Schools $319,515 $599,330 $278,592 $11,400,000 $12,597,437 Union County Public Schools $21,984,205 $0 $10,565,616 $0 $32,549,821 Vance County Schools $3,180,484 $9,876,842 $0 $0 $13,057,326 Wake County Schools $85,220,418 $0 $84,650,293 $0 $169,870,711 Warren County Schools $1,125,112 $691,281 $0 $11,400,000 $13,216,393 Washington County Schools $814,501 $1,524,139 $0 $11,400,000 $13,738,640 Watauga County Schools $2,343,983 $0 $0 $0 $2,343,983 Wayne County Public Schools $9,669,782 $13,444,191 $0 $0 $23,113,973 Wilkes County Schools $5,007,481 $7,550,886 $0 $0 $12,558,367 Wilson County Schools $6,314,874 $9,028,273 $0 $0 $15,343,147 Yadkin County Schools $2,774,543 $5,457,894 $0 $0 $8,232,437 Yancey County Schools $1,146,064 $0 $0 $11,400,000 $12,546,064 Senate Bill 5-First Edition Page 7 General Assembly Of North Carolina First Extra Session 2018 Total $760M $570M $285M $285M $1.9B (2) Special allocation provisions.
Unmatchedproceeds.–IftheStateBoardofEducationdeterminesthat a county has not met the matching requirement of this subsection by January 1, 2024, with respect to any bond proceeds allocated under subdivision (1) of this subsection, the State Board of Education shall certifythat fact to the State Treasurer byMarch 1, 2024.
Unmatchedproceeds.– IftheStateBoardofEducationdeterminesthat a county has not met the matching requirement of this subsection by January 1, 2024, with respect to any bond proceeds allocated under subdivision (1) of this subsection, the State Board of Education shall certifythat fact to the State Treasurer byMarch 1, 2024.
Amounts that are allocated in the ADM Growth Allocation of bond proceeds under subdivision (1) of this subsection and that have not been certified as Page 8 DRS35002-MCx-1 General Assembly Of North Carolina First Extra Session 2018 matched by the State Board of Education by January 1, 2024, shall be reallocated among the counties that have been certified as having met the matching requirement for that allocation.
Amounts that are allocated in the ADM Growth Allocation of bond proceeds under subdivision (1) of this subsection and that have not been certified as Page 8 Senate Bill 5-First Edition General Assembly Of North Carolina First Extra Session 2018 matched by the State Board of Education by January 1, 2024, shall be reallocated among the counties that have been certified as having met the matching requirement for that allocation.
The proceeds of public school building bonds and notes, including premium DRS35002-MCx-1 Page 9 General Assembly Of North Carolina First Extra Session 2018 thereon, if any, shall be expended and disbursed under the direction and supervision of the Director of the Budget.
The proceeds of public school building bonds and notes, including premium Senate Bill 5-First Edition Page 9 General Assembly Of North Carolina First Extra Session 2018 thereon, if any, shall be expended and disbursed under the direction and supervision of the Director of the Budget.
– Page 10 DRS35002-MCx-1 General Assembly Of North Carolina First Extra Session 2018 (1) Terms and conditions.
– Page 10 Senate Bill 5-First Edition General Assembly Of North Carolina First Extra Session 2018 (1) Terms and conditions.
– DRS35002-MCx-1 Page 11 General Assembly Of North Carolina First Extra Session 2018 a.
– Senate Bill 5-First Edition Page 11 General Assembly Of North Carolina First Extra Session 2018 a.
Bonds and notes are hereby made securities that may properly and legally be deposited with and received by any officer or agency of the State or political subdivision of the State for any purpose for which the deposit of bonds, notes, or obligations of the State or anypolitical subdivision of the State is now or may hereafter be authorized by law.
Bonds and notes are hereby made securities that may properly and legally be deposited with and received by any officer or agency of the State or political subdivision of the State for any purpose for which the deposit of bonds, notes, or obligations of the State or any political subdivision of the State is now or may hereafter be authorized by law.
In addition to the State's right to amend any provision of this section to the extent it does not impair any contractual right of a bond owner, the State expresslyreserves theright to amendanyprovision ofthis sectionwith respect to the making and repayment of loans, the disposition of any repayments of Page 12 DRS35002-MCx-1 General Assembly Of North Carolina First Extra Session 2018 loans,and anyinterceptprovisionsrelatingtothefailureofalocal government unit to repay a loan, the bonds not being secured in any respect by loans, any repayments thereof, or any intercept provisions with respect thereto.
In addition to the State's right to amend any provision of this section to the extent it does not impair any contractual right of a bond owner, the State expresslyreserves theright to amendanyprovision ofthis sectionwith respect to the making and repayment of loans, the disposition of any repayments of Page 12 Senate Bill 5-First Edition General Assembly Of North Carolina First Extra Session 2018 loans,and anyinterceptprovisionsrelatingtothefailureofalocal government unit to repay a loan, the bonds not being secured in any respect by loans, any repayments thereof, or any intercept provisions with respect thereto.
DRS35002-MCx-1 Page 13 General Assembly Of North Carolina First Extra Session 2018 (5) Severability.
Senate Bill 5-First Edition Page 13 General Assembly Of North Carolina First Extra Session 2018 (5) Severability.
Page 14 DRS35002-MCx-1
Page 14 Senate Bill 5-First Edition
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Action History

  1. Filed

  2. Passed 1st Reading

  3. Ref To Com On Rules and Operations of the Senate

Sponsors

Sponsorship breakdown

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2 sponsors · 1 co-sponsors · 176 not signed on

Sponsors (2)

Co-sponsors (1)

  • Foushee

Not signed on (176)

176 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

housing education
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Frequently asked questions

Who sponsors SB 5?
SB 5 is sponsored by Foushee, Jay J. Chaudhuri (Democratic), and Kandie D. Smith (Democratic).
What is the current status of SB 5?
This bill died with 2018 Extra Session 1. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 5?
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