North Carolina Statutes

§ 160A-700 — Funding for public education

North Carolina·Ch. 160A Cities and Towns·Art. 30 Public Education
(a)Authority. - A city may use property tax revenues authorized under G.S. 160A-209(c)(26b) and other unrestricted revenues to supplement funding for elementary and secondary public education that benefits the residents of the city. Cities may direct or restrict the use of funds appropriated for specific purposes, functions, projects, programs, or objects, as provided in this section.
(b)Purposes. - A city may appropriate funds under this section as follows:
(1)For a public school located inside the city limits, for capital, for current operating expenses, or for other specific uses directed by the city. Funds appropriated by cities in accordance with this subdivision may be used to enter into operational and financing leases for real property or mobile classroom units for use as school

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