Establishes the Lasting Economic and Academic Prosperity Endowment Program to support early childhood initiatives in North Carolina.
The bill establishes the Lasting Economic and Academic Prosperity (LEAP) Endowment Program within the Department of Health and Human Services, Division of Child Development and Early Education. It creates an endowment to generate investment income for early childhood and child care initiatives. The LEAP Reserve is also established in the General Fund to receive annual transfers for generating investment income. The bill appropriates funds for the program and requires DCDEE to report on investment income and expenditures.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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