H97 - 2015 Appropriations Act, Sec. 8.11: Study North Carolina Virtual Public Schools Alternative Funding Formula (SL 2015-241)

Overview: Sec. 8.11 of S.L. 2015-241 directs the State Board of Education (SBE) to study implementation of an alternative funding formula for the North Carolina Virtual Public School (NCVPS) in lieu of the funding formula previously adopted by the SBE. The study must consider the costs and benefits of (i) offering an alternative funding formula for local boards of education to select and (ii) replacing the current NCVPS formula with a new formula applicable to all local boards of education participating in NCVPS.

The SBE must report the results of the study and any legislative recommendations to the Joint Legislative Education Oversight Committee by January 15, 2016.

This section became effective July 1, 2015.