Agenda - 06-15-1999 - III - Laserfiche WebLink

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4§ 115C -432 FOR LOCAL GOVERNMENT Enclosure 2 Attachment 1 The due date of supplementary taxes ( (3) appropriations in a o or fr( n. o y o levied under this subsection is the date of & nd may not exceed f permit:; the levy, and the taxes may be paid at par 0 (5'Y n (c) if the t or face amount at any time before the one a appropriations in that fund. Each unit levies 1 -,s ),,,n hundred and twentieth day after the due e expenditure to be charged against p pursuant to a 1) a I act date. On or after the one hundred and a a contingency appropriation shall t tion shall make- 1. ap, twentieth day and before the one hundred b be authorized by resolution of the a accordance Alfl !he and fiftieth day from the due date there b board of education, which resolu. b board of educ-31i r shs shall be added to the taxes interest at the t tion shall be deemed an amend- t that colic -t-i th rate of two percent (2%). On or after the w meat to the budget resolution, not o G.S. S. 9 -1 one hundred and fiftieth day from the due s subject to G.S. 115C-429(b) and ( (d) The bu-1p rest date, there shall be added to the taxes, in 1 115C-433(b), setting up or., in- t tered in the r d -,ut( addition to the two percent (2%) provided c creasing an appropriation for the e education, an i i d Iiiin above, interest at the rate of three-fourths o object of expenditure authorized. t tion, copies thEl C::'Sb of one percent (3/4 Of 1%) per 30 days or T The board of education may au- s superintendent. *,be s fraction thereof until the taxes plus inter- t thorize the superintendent to au- I I. and the coun,.3 i:,..ani est have been paid. No discounts for pre- t thorize expenditures from contin- o of education f I payment of supplementary taxes levied gency appropriations subject to a as approved a r d a .(1975, c. 437, s. 1; 1981, c. 423, s. 1; 1989, c. a as it may prescribe. Any such t tion. (1975, c •1 :7. s. 493, s. 2.) e expenditure shall be reported to I I 1987 (Reg• 19E the board of education at its next CASE NOTES r regular meeting and recorded in I I § 115C-433. At t( adi the minutes. s s"'( I re Findings of Trial Judge Held Inadequate un- ( (4) Sufficient funds to meet the i ix5 t4er der Former Law. — See Wilson County Bd. of Educ, a amounts to be paid during the (a) Subject If the 215 S.E.2d 412 (1975). t tracts previously entered into t tion (b) of this - efior shall be appropriated. t tion may am ai i .he § 115C-432. The budget resolution; ( (5) The sum of estimated net revenues a any time aft a W k adoption; limitations; tax a and appropriated fund balance s in. n ner, so long L9 a:: r( levy; filing. e each fund shall be equal to appro- I I continues to S; A -fY a ions in that fund. G G.S. 115C-4� 5' a i I (a) After the board of county commis' ( (6) ]To appropriation may be made ( (b) If the b),. :1 )f sioners has made its appropriations to the t that would require the levy of a allocates par; i all local school administrative unit, or after s supplemental taxes pursuant to a p pursuant to Gr.: '. 151 the appeal procedure set out in G.S. l local -act or G.S. . education mx.s; )btai 115C-431 has been concluded, the board of 1 . 1 board of co ate .v cc making appropriations for the budget year e expenditure of revenues for pur- o or decreases -) ) :: -Aii in such sums as t poses not permitted by law. I I outlay fund 1: pr( tion shall conform to the uniform budget d ized from the levy of school sup- decreases the . noun, Education. lemental taxes pursuant to a t allocated P (b) The following directions and limita- a 115C-511, the estimated percent- amount cont. d i in adopting the budget resolution: a age of collection may not exceed a i sioners: Proirid d. t) allocates appropriations to the lo- s ally realized in cash during the t the board n a 5 : a cal school . administrative unit p was not levied in the preceding p percentage is 01 It school budget resolution shall f fiscal year, the percentage of the ( (c) The boui of conform t 72 118-IMP