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- Chapter 115c. Elementary and Secondary Education
- Subchapter VII. Fiscal Affairs
- Article 35. Voluntary Endowment Fund For Public Schools
N.C. Gen. Stat. § 115C-490 Creation of Endowment Funds; Administration
| Library | North Carolina Statutes |
| Edition | 2023 |
| Currency | Current through Session Law 2023-151 |
| Year | 2023 |
| Citation | N.C. Gen. Stat. § 115C-490 |
Any local board of education is hereby authorized and empowered upon the passage of a resolution to create and establish a permanent endowment fund which shall be financed by gifts, donations, devises, or other forms of voluntary contributions. Any endowment fund established under the provisions of this Article shall be administered by the members of such board of education who, ex officio, shall constitute and be known as "The Board of Trustees of the Endowment Fund of the ...
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