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N.C. Gen. Stat. § 115C-457.1

Creation of Fund; administration

Applied in 2 court decisions — leading case 160 N.C. App. 253 - North Carolina School Boards Ass'n v. Moore (2003)

Most recently applied in 243 N.C. App. 116 - Richmond Cnty. Bd. of Educ. v. Cowell (September 2015)

1997-443, s. 8.20; 2000-140, s. 93.1(a); 2001-424, s. 12.2(b); 2003-423, s. 2.

(a) There is created the Civil Penalty and Forfeiture Fund. The Fund shall consist of the clear proceeds of all civil penalties, civil forfeitures, and civil fines that are collected by a State agency and that the General Assembly is authorized to place in a State fund pursuant to Article IX, Section 7(b) of the Constitution.

(b) The Fund shall be administered by the Office of State Budget and Management. The Fund and all interest accruing to the Fund shall be faithfully used exclusively for maintaining free public schools.

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.