{"data":{"id":"us-nc/n.c.-gen.-stat.-115c-493","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 115C-493","heading":"When only income from fund expended.","body":"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.)","path":["Chapter 115C. Elementary and Secondary Education.","SUBCHAPTER VII. FISCAL AFFAIRS.","Article 35. Voluntary Endowment Fund for Public Schools."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_115C/GS_115C-493.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:17:42Z","sha256":"94236e50a7bb9f94a663128f1411dd4e25b550992159101be691fd44b0b2d6fd","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-115c-492","next":"us-nc/n.c.-gen.-stat.-115c-494"},"notice":"GroundRules: Original legal text. Not legal advice."}