In case the adoption of the budget resolution is delayed until after July 1, the board of education shall make interim appropriations for the purpose of paying salaries and the usual ordinary expenses of the local school administrative unit for the interval between the beginning of the fiscal year and the adoption of the budget resolution. Interim appropriations so made and expended shall be charged to the proper appropriations in the budget resolution.
N.C. Gen. Stat. § 115C-434
Interim budget
Known as the The School Budget and Fiscal Control Act
The act spans §§ 115C-422 to 115C-452 (35 sections).
1975, c. 437, s. 1; 1981, c. 423, s. 1.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.