reglab/housing_qa huggingface dataset:
NC Gen Stat § 115C-473 (2021)
2021 North Carolina General Statutes|Chapter 115C - Elementary and Secondary Education|Article 33 - Assumption of School District Indebtedness by Counties.|§ 115C-473 - Method of assumption; validation of proceedings.

 115C-473. Method of assumption; validation of proceedings.The county board of education, with the approval of the board of commissioners, and when the assumption of such indebtedness is approved at an election as hereinafter provided, if such election is required by the Constitution, may include in the debt service fund in the school budget all outstanding indebtedness for school purposes of every city, town, school district, school taxing district, township, city administrative unit or other political subdivision in the county, hereinafter collectively called "local districts," lawfully incurred in erecting and equipping school buildings necessary for the school term. The election on the question of assuming such indebtedness shall be called and held in accordance with the provisions of Chapter 159 of the General Statutes, known as "The Local Government Finance Act," insofar as the same may be made applicable, and the returns of such election shall be canvassed and a statement of the result thereof prepared, filed and published as provided in the Local Government Finance Act. No right of action or defense founded upon the invalidity of the election shall be asserted, nor shall the validity of the election be open to question in any court upon any ground whatever, except in an action or proceeding commenced within 30 days after the publication of such statement of result. When such indebtedness is taken over for payment by the county as a whole and the local districts are relieved of their annual payments, the county funds provided for such purpose shall be deducted from the debt service fund prior to the division of such fund among the schools of the county as provided in Article 31 of this Chapter.The assumption, as herein provided, by any county, at any time prior to the 28th day of February, 1951, of the indebtedness of local districts for school purposes and all proceedings had in connection therewith are hereby in all respects ratified, approved, confirmed, and validated: Provided, that nothing herein shall prevent counties and local taxing districts from levying taxes to provide for the payment of their debt service requirements if they have not been otherwise provided for. (1955, c. 1372, art. 12, s. 1; 1981, c. 423, s. 1.)
NC Gen Stat § 115C-474 (2021)
2021 North Carolina General Statutes|Chapter 115C - Elementary and Secondary Education|Article 33 - Assumption of School District Indebtedness by Counties.|§ 115C-474 - Taxes levied and collected for bonds assumed to be paid into school debt service fund of county; discharge of sinking fund custodian.

 115C-474. Taxes levied and collected for bonds assumed to be paid into school debt service fund of county; discharge of sinking fund custodian.In any county where the bonds of a local district have been assumed under the provisions of this Article, all taxes levied and collected for the purpose of paying the principal of and interest on said bonds, or for creating a sinking fund for the retirement of said bonds, shall be deposited in the school debt service fund of the county. The custodian of all moneys and other assets of a sinking fund created for the retirement of said bonds is hereby authorized to turn over such moneys and assets to the county treasurer, the county sinking fund commissioner or other county officer charged with the custodianship of sinking funds, and such custodian shall thereby be discharged from further responsibility for administration of and accounting for such sinking fund. (1955, c. 1372, art. 12, s. 2; 1981, c. 423, s. 1.)
NC Gen Stat § 115C-475 (2021)
2021 North Carolina General Statutes|Chapter 115C - Elementary and Secondary Education|Article 33 - Assumption of School District Indebtedness by Counties.|§ 115C-475 - Allocation to district bonds of taxes collected.

 115C-475. Allocation to district bonds of taxes collected.The collections of taxes levied for debt service on all taxable property of a county in which local district bonds have been assumed shall be proportionately allocated to each issue of such bonds. (1955, c. 1372, art. 12, s. 3; 1981, c. 423, s. 1.)
NC Gen Stat § 115C-481 (2021)
2021 North Carolina General Statutes|Chapter 115C - Elementary and Secondary Education|Article 34 - Refunding and Funding Bonds of School Districts.|§ 115C-481 - School district defined.

 115C-481. School district defined.The term "school district" as used in this Article shall be deemed to include any special school taxing district, local tax district, special charter district, city administrative unit or other political subdivision of a county by which or on behalf of which bonds have been issued for erecting and equipping school buildings, or for refunding the same, and such bonds are outstanding. (1955, c. 1372, art. 13, s. 1; 1981, c. 423, s. 1.)
NC Gen Stat § 115C-482 (2021)
2021 North Carolina General Statutes|Chapter 115C - Elementary and Secondary Education|Article 34 - Refunding and Funding Bonds of School Districts.|§ 115C-482 - Continuance of district until bonds are paid.

 115C-482. Continuance of district until bonds are paid.Notwithstanding the provisions of any law which affect the continued existence of a school district or the levy of taxes therein for the payment of its bonds, such school district shall continue in existence with its boundaries unchanged from those established at the time of issuance of its bonds, unless such boundaries shall have been extended and thereby embrace additional territory subject to the levy of such taxes, until all of its outstanding bonds, together with the interest thereon, shall be paid. (1955, c. 1372, art. 13, s. 2; 1981, c. 423, s. 1.)
NC Gen Stat § 115C-483 (2021)
2021 North Carolina General Statutes|Chapter 115C - Elementary and Secondary Education|Article 34 - Refunding and Funding Bonds of School Districts.|§ 115C-483 - Funding and refunding of bonds authorized; issuance and sale or exchange; tax levy for repayment.

 115C-483. Funding and refunding of bonds authorized; issuance and sale or exchange; tax levy for repayment.The board of commissioners of the county in which any such school district is located is hereby authorized to issue bonds at one time or from time to time for the purpose of refunding or funding the principal or interest of any bonds of such school district then outstanding. Such refunding or funding bonds shall be issued in the name of the school district and they may be sold or delivered in exchange for or upon the extinguishment of the obligations or indebtedness refunded or funded. Except as otherwise provided in this Article, such refunding and funding bonds shall be issued in accordance with the provisions of Chapter 159 of the General Statutes, the Local Government Finance Act. The tax-levying body or bodies authorized by law to levy taxes for the payment of the bonds, the principal or interest of which shall be refunded or funded, shall levy annually a special tax on all taxable property in such school district sufficient to pay the principal and interest of said refunding or funding bonds as the same become due. (1955, c. 1372, art. 13, s. 3; 1981, c. 423, s. 1.)
NC Gen Stat § 115C-484 (2021)
2021 North Carolina General Statutes|Chapter 115C - Elementary and Secondary Education|Article 34 - Refunding and Funding Bonds of School Districts.|§ 115C-484 - Issuance of bonds by cities and towns; debt statement; tax levy for repayment.

 115C-484. Issuance of bonds by cities and towns; debt statement; tax levy for repayment.In case the governing body of any city or town is the body authorized by law to levy taxes for the payment of the bonds of such district, whether the territory embraced in such district lies wholly or partly within the corporate limits of such city or town, such governing body of such city or town is hereby authorized to issue bonds at the time or from time to time for the purpose of refunding or funding the principal or interest of any bonds then outstanding which were issued by or on behalf of such school district. Except as otherwise provided in this Article, such refunding and funding bonds shall be issued in accordance with the provisions of the Local Government Bond Act, relating to the issuance of refunding and funding bonds under that act, and the provisions of the Local Government Finance Act, except in the following respects:(1) The bonds shall be issued in the name and on behalf of the school district by the governing body of such city or town.(2) It shall not be necessary to include in the ordinance authorizing the bonds, or in the notice required to be published after the passage of the ordinance, any statement concerning the filing of a debt statement, and, as applied to said bonds, G.S. 159-54 and G.S. 159-55 (the Local Government Bond Act,) shall be read and understood as if they contained no requirements in respect to such matters.(3) The governing body of such city or town shall annually levy and collect a tax ad valorem upon all the taxable property in such school district sufficient to pay the principal and interest of such refunding or funding bonds as the same become due. (1955, c. 1372, art. 13, s. 4; 1981, c. 423, s. 1.)
NC Gen Stat § 115C-489.5 (2021)
2021 North Carolina General Statutes|Chapter 115C - Elementary and Secondary Education|Article 34B - Qualified Zone Academy Bonds and Qualified School Construction Bonds.|§ 115C-489.5 - Qualified zone academy bonds and qualified school construction bonds; findings.

 115C-489.5. Qualified zone academy bonds and qualified school construction bonds; findings.The General Assembly finds:(1) Section 226 of the Taxpayer Relief Act of 1997, as codified at 26 U.S.C. 54E, provides funds for school improvements through taxable qualified zone academy bonds. Ninety-five percent (95%) or more of the proceeds of a qualified zone academy bond issue must be used for a qualified purpose with respect to a qualified zone academy established by an eligible local education agency.(2) Partnerships between private entities and local schools are promoted through the use of qualified zone academy bonds. Issuers must certify that they have received written commitments from one or more private entities to make qualified contributions valued at ten percent (10%) of the proceeds of the issue.(2a) Section 1521, et seq., of the American Recovery and Reinvestment Tax Act of 2009 (ARRTA), enacted as 26 U.S.C. 54F, provides a new source of funds for construction, rehabilitation, or repair of public school facilities or for acquisition of land for public school facilities through the issuance of qualified school construction bonds.(3) Eligible taxpayers may receive federal tax credits for holding the qualified zone academy bonds or qualified school construction bonds. It is intended that the qualified zone academy bonds and qualified school construction bonds be sold at a price so that the tax credits received produce the economic equivalent of interest that otherwise would have been paid on the bonds. Therefore, issuers of qualified zone academy bonds or qualified school construction bonds are obligated to repay the principal amount of the qualified zone academy bonds or qualified school construction bonds but need not make interest payments.(4) Applicable federal law limits the amount of qualified zone academy bonds and qualified school construction bonds that may be issued in North Carolina in a calendar year. The amount of qualified school construction bonds that may be issued in the State is divided between amounts specifically designated for identified local school districts pursuant to ARRTA ("local allocation") and amounts allocated to the entire State for use throughout the State ("statewide allocation").  (2000-69, s. 1; 2009-140, s. 1.)
NC Gen Stat § 115C-490 (2021)
2021 North Carolina General Statutes|Chapter 115C - Elementary and Secondary Education|Article 35 - Voluntary Endowment Fund for Public Schools.|§ 115C-490 - Creation of endowment funds; administration.

 115C-490. Creation of endowment funds; administration.Any local board of education is hereby authorized and empowered upon the passage of a resolution to create and establish a permanent endowment fund which shall be financed by gifts, donations, devises, or other forms of voluntary contributions. Any endowment fund established under the provisions of this Article shall be administered by the members of such board of education who, ex officio, shall constitute and be known as "The Board of Trustees of the Endowment Fund of the Public Schools of __________ County or ___________ City or Town" (in which shall be inserted the name of the county, city or town). The board of trustees so established shall determine its own organization and methods of procedure.  (1961, c. 970; 1981, c. 423, s. 1; 2011-284, s. 77.)
NC Gen Stat § 115C-491 (2021)
2021 North Carolina General Statutes|Chapter 115C - Elementary and Secondary Education|Article 35 - Voluntary Endowment Fund for Public Schools.|§ 115C-491 - Boards of trustees public corporations; powers and authority generally; investments.

 115C-491. Boards of trustees public corporations; powers and authority generally; investments.Any board of trustees created and organized under this Article shall be a body politic, public corporation and instrumentality of government and as such may sue and be sued in matters relating to the endowment fund and shall have the power and authority to acquire, hold, purchase and invest in all forms of property, both real and personal, including, but not by way of limitation, all types of stocks, bonds, securities, mortgages and all types, kinds and subjects of investments of any nature and description. The board of trustees of said endowment fund may receive pledges, gifts, donations, devises, and may in its discretion retain such in the form in which they are made, and may use the same as a permanent endowment fund. The board of trustees of any endowment fund created hereunder shall have the power to sell any property, real, personal or choses in action, of the endowment fund, at either public or private sale. The board of trustees shall be responsible for the prudent investment of any funds or monies belonging to the endowment fund in the exercise of its sound discretion without regard to any statute or rule of law relating to the investment of funds by fiduciaries.  (1961, c. 970; 1981, c. 423, s. 1; 2011-284, s. 78.)
NC Gen Stat § 115C-492 (2021)
2021 North Carolina General Statutes|Chapter 115C - Elementary and Secondary Education|Article 35 - Voluntary Endowment Fund for Public Schools.|§ 115C-492 - Expenditure of funds; pledges.

 115C-492. Expenditure of funds; pledges.It is not the intent that such endowment fund created hereunder shall take the place of State appropriations or any regular appropriations, tax funds or other funds made available by counties, cities, towns or local school administrative units for the normal operation of the public schools. Any endowment fund created hereunder, or the income from same, shall be used for the benefit of the public schools of the county, city or town involved and to supplement regular and normal appropriations to the end that the public schools may improve and increase their functions, may enlarge their areas of service and may become more useful to a greater number of people. The board of trustees in its discretion shall determine the objects and purposes for which the endowment fund shall be spent. Nothing herein shall be construed to prevent the board of trustees of any such endowment fund established hereunder from receiving pledges, gifts, donations, and devises and from using the same for such lawful school purposes as the donor or donors designate: Provided, always, that the administration of any such pledges, gifts, donations, and devises, or the expenditure of funds from same, will not impose any financial burden or obligation on the State of North Carolina or any subdivisions of government of the State. The board of trustees may, with the consent of the donor of any pledges, transfer and assign such pledges as security for loans. This consent by the donor may be made at the time of the pledge or at any time before said pledges are paid off in full. It is the purpose of this provision to enable the board of trustees to have the immediate use of funds which the donor may desire to pledge as payable over a period of years.  (1961, c. 970; 1981, c. 423, s. 1; 2011-284, s. 79.)
NC Gen Stat § 115C-493 (2021)
2021 North Carolina General Statutes|Chapter 115C - Elementary and Secondary Education|Article 35 - Voluntary Endowment Fund for Public Schools.|§ 115C-493 - When only income from fund expended.

 115C-493. When only income from fund expended.Where the donor of said pledges, gifts, donations, and devises so provides, the board of trustees shall keep the principal of such gift or gifts intact and only the income therefrom may be expended.  (1961, c. 970; 1981, c. 423, s. 1; 2011-284, s. 80.)
NC Gen Stat § 115C-494 (2021)
2021 North Carolina General Statutes|Chapter 115C - Elementary and Secondary Education|Article 35 - Voluntary Endowment Fund for Public Schools.|§ 115C-494 - Property and income of board of trustees exempt from State taxation.

 115C-494. Property and income of board of trustees exempt from State taxation.All property received, purchased, contributed or donated to the board of trustees for the benefit of any endowment fund created hereunder and all donations, gifts and devises received or otherwise administered for the benefit of said endowment fund, as well as the principal and income from said endowment fund, shall at all times be free from taxation, of any nature whatsoever, within the State.  (1961, c. 970; 1981, c. 423, s. 1; 2011-284, s. 81.)
NC Gen Stat § 115C-499.1 (2021)
2021 North Carolina General Statutes|Chapter 115C - Elementary and Secondary Education|Article 35A - College Scholarships.|§ 115C-499.1 - Definitions.

 115C-499.1. Definitions.The following definitions apply to this Article:(1) Academic year. - A period of time in which a student is expected to complete the equivalent of at least two semesters' or three quarters' academic work.(2) Authority. - The State Education Assistance Authority created by Article 23 of Chapter 116 of the General Statutes.(3) Eligible postsecondary institution. - A school that is:a. A constituent institution of The University of North Carolina as defined in G.S. 116-2(4); orb. A community college as defined in G.S. 115D-2(2).c., d. Repealed by Session Laws 2011-145, s. 9.18(b), effective July 1, 2012.(4) Matriculated status. - Being recognized as a student in a defined program of study leading to a degree, diploma, or certificate at an eligible postsecondary institution.(5) Scholarship. - A scholarship for education awarded under this Article.(6) Title IV. - Title IV of the Higher Education Act of 1965, as amended, 20 U.S.C. 1070, et seq.  (2005-344, s. 2; 2006-66, s. 9.19; 2006-221, s. 5B; 2006-259, s. 8(h); 2011-145, s. 9.18(b).)
NC Gen Stat § 115C-499.2 (2021)
2021 North Carolina General Statutes|Chapter 115C - Elementary and Secondary Education|Article 35A - College Scholarships.|§ 115C-499.2 - Eligibility requirements for a scholarship.

 115C-499.2. Eligibility requirements for a scholarship.In order to be eligible to receive a scholarship under this Article, a student seeking a degree, diploma, or certificate at an eligible postsecondary institution must meet all of the following requirements:(1) Only needy North Carolina students are eligible to receive scholarships. For purposes of this subsection, "needy North Carolina students" are those eligible students whose expected family contribution under the federal methodology does not exceed six thousand dollars ($6,000).(2) The student must meet all other eligibility requirements for the federal Pell Grant, with the exception of the expected family contribution.(3) The student must qualify as a legal resident of North Carolina and as a resident for tuition purposes under the criteria set forth in G.S. 116-143.1 and in accordance with definitions of residency that may from time to time be adopted by the Board of Governors of The University of North Carolina.(4) The student must meet enrollment standards by being admitted, enrolled, and classified as an undergraduate student in a matriculated status at an eligible postsecondary institution.(5) In order to continue to be eligible for a scholarship for the student's second and subsequent academic years, the student must meet achievement standards by maintaining satisfactory academic progress in a course of study in accordance with the standards and practices used for federal Title IV programs by the eligible postsecondary institution in which the student is enrolled.(6) Repealed by Session Laws 2013-360, s. 11.15(a), and applicable to the 2014-2015 academic year and each subsequent academic year.  (2005-344, s. 2; 2013-360, s. 11.15(a); 2016-57, s. 2(e); 2019-235, s. 4.1(a).)
NC Gen Stat § 115C-499.2A (2021)
2021 North Carolina General Statutes|Chapter 115C - Elementary and Secondary Education|Article 35A - College Scholarships.|§ 115C-499.2A - Semester limitation on eligibility for scholarship.

 115C-499.2A. Semester limitation on eligibility for scholarship.(a) Except as otherwise provided by subsection (c) of this section, a student with a matriculated status at a constituent institution of The University of North Carolina shall not receive a scholarship for more than 10 full-time academic semesters, or its equivalent if enrolled part-time, unless the student is enrolled in a program officially designated by the Board of Governors as a five-year degree program. If a student is enrolled in such a five-year degree program, then the student shall not receive a scholarship for more than 12 full-time academic semesters or the equivalent if enrolled part-time.(b) Except as otherwise provided by subsection (c) of this section, a student with a matriculated status at a community college shall not receive a scholarship for more than six full-time academic semesters, or the equivalent if enrolled part-time.(c) Upon application by a student, the appropriate postsecondary institution may grant a waiver to the student who may then receive a scholarship for the equivalent of one additional full-time academic semester if the student demonstrates that any of the following have substantially disrupted or interrupted the student's pursuit of a degree, diploma, or certificate: (i) a military service obligation, (ii) serious medical debilitation, (iii) a short-term or long-term disability, or (iv) other extraordinary hardship. The Board of Governors or the State Board of Community Colleges, as appropriate, shall establish policies and procedures to implement the waiver provided by this subsection.  (2013-360, s. 11.15(b).)