GroundRules
N.C. Gen. Stat. § 115C-493: When only income from fund expended.
Where this section sits in the code
- Chapter 115C. Elementary and Secondary Education.
- SUBCHAPTER VII. FISCAL AFFAIRS.
- Article 35. Voluntary Endowment Fund for Public Schools.
Where the donor of said pledges, gifts, donations, and devises so provides, the board of trustees shall keep the principal of such gift or gifts intact and only the income therefrom may be expended. (1961, c. 970; 1981, c. 423, s. 1; 2011-284, s. 80.)
Collected 2026-08-27T18:17:42Z. Source file · JSON