North Carolina § 116-209.104 Reserve Fund for Early Graduate Scholarships

North Carolina Statutes

§ 116-209.104 — Reserve Fund for Early Graduate Scholarships

North Carolina § 116-209.104

Ch. 116Higher Education

Art. 23State Education Assistance

This text of North Carolina § 116-209.104 (Reserve Fund for Early Graduate Scholarships) is published on Counsel Stack Legal Research, covering North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.C. Gen. Stat. § 116-209.104 (2026).

Text

(a)There is established the Reserve Fund for Early Graduate Scholarships as a reserve consisting of the following monies:

(1)Funds appropriated by the General Assembly for the Program from the General Fund in the Current Operations Appropriations Act for a fiscal year.

(2)All interest earned on these funds.

(b)Monies in the Reserve Fund shall not revert at the end of each fiscal year but shall remain available until expended for the purposes of this Part.

(c)The Authority may use up to one and one-half percent (1.5%) of the funds available in the Reserve Fund each fiscal year for administrative costs related to the Program. (2023-134, s. 8A.6(t).) §§ 116-210 through 116-211: Repealed by Session Laws 1979, c. 744, s. 8.

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(a) There is established the Reserve Fund for Early Graduate Scholarships as a reserve consisting of the following monies:
(1) Funds appropriated by the General Assembly for the Program from the General Fund in the Current Operations Appropriations Act for a fiscal year.
(2) All interest earned on these funds.
(b) Monies in the Reserve Fund shall not revert at the end of each fiscal year but shall remain available until expended for the purposes of this Part.
(c) The Authority may use up to one and one-half percent (1.5%) of the funds available in the Reserve Fund each fiscal year for administrative costs related to the Program. (2023-134, s. 8A.6(t).)
§§ 116-210 through 116-211: Repealed by Session Laws 1979, c. 744, s. 8.