NORTH CAROLINA GENERAL ASSEMBLY

1959 SESSION

CHAPTER 438

HOUSE BILL 562

AN ACT AUTHORIZING THE BOARD OF EDUCATION OF CASWELL COUNTY TO TRANSFER CERTAIN SURPLUS CURRENT EXPENSE SCHOOL FUNDS TO THE SPECIAL SCHOOL FUND.

The General Assembly of North Carolina do enact:

Section 1. That with the approval of the board of county commissioners, the Caswell County Board of Education be and it is hereby authorized to transfer from the Current Expense School Fund of the county to the Special School Fund, heretofore established, all the surplus in said Current Expense School Fund as of June 30, 1959, as the term "surplus" is defined in G. S. 153-114(e).

Sec. 2. All laws and clauses of laws in conflict with the provisions of this Act are hereby repealed.

Sec. 3. This Act shall be in full force and effect from and after its ratification.

In the General Assembly read three times and ratified, this the 5th day of May, 1959.