North Carolina H706 modifies the allocation of grants for public school capital funding based on county economic needs.
North Carolina H706 changes the criteria for allocating grants for public school capital funding. It prioritizes grants for counties with lower taxable property values or those with census tracts experiencing persistent poverty or low to moderate income. The bill also prohibits the allocation of education funds based on economic tier designations assigned by the Department of Commerce. The local match requirement for grants varies based on the county's adjusted market value of taxable real property.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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