North Carolina Statutes
§ 115C-494 — Property and income of board of trustees exempt from State taxation
North Carolina·Ch. 115C Elementary and Secondary Education·Art. 35 Voluntary Endowment Fund for Public Schools·Subch. VII FISCAL AFFAIRS
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.)
§§ 115C-495 through 115C-499. Reserved for future codification purposes.
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Nearby Sections
15
§ 115C-10
Appointment of Board§ 115C-102.6
Duty to propose a State school technology plan§ 115C-102.9
Digital learning dashboard§ 115C-103
Fees§ 115C-104
Enactment of Compact§ 115C-105.20
School-Based Management and Accountability Program§ 115C-105.21
Local participation in the Program§ 115C-105.22
Reserved for future codification purposes§ 115C-105.23
Reserved for future codification purposes§ 115C-105.24
Reserved for future codification purposes