GENERAL ASSEMBLY OF NORTH CAROLINA
1993 SESSION
CHAPTER 260
The General Assembly of North Carolina enacts:
Section 1. G.S. 115C-468 reads as rewritten:
"§ 115C-468. Establishment of fund.
(a) There is hereby established
a revolving fund which shall be known as the 'Scholarship Loan Fund for
Prospective Teachers'.
(b) Criteria for awarding scholarship loans from the fund shall include measures of academic performance including grade point averages, scores on standardized tests, class rank, and recommendations of guidance counselors and principals. To the extent practical, an equal number of scholarships shall be awarded in each of the State's Congressional Districts.
(c) The Superintendent of Public Instruction may earmark up to twenty percent (20%) of the funds available for scholarship loans each year for awards to applicants who have been employed for at least one year as teacher assistants and who are currently employed as teacher assistants. Preference for these scholarship loans from funds earmarked for teacher assistants shall be given to applicants who already hold a baccalaureate degree or who have already been formally admitted to an approved teacher education program in North Carolina."
Sec. 2. G.S. 115C-471 reads as rewritten:
"§ 115C-471. Fund administered by State Superintendent of Public Instruction; rules and regulations.
The Scholarship Loan Fund for Prospective Teachers shall be
administered by the State Superintendent of Public Instruction, under the
following rules and regulations, and under such further rules and regulations
as the State Board of Education shall in its discretion promulgate: rules
adopted by the State Board of Education and subject to the following directions
and limitations:
(1) Any resident of North
Carolina who is interested in preparing to teach in the public schools of the
State shall be eligible to may apply in writing to the State
Superintendent of Public Instruction for a regular scholarship loan in the
amount of not more than two thousand dollars ($2,000) per academic school
year. An applicant who has been employed for at least one year as a
teacher assistant and who is currently employed as a teacher assistant may
apply for a scholarship loan from funds earmarked for teacher assistants in the
amount of not more than one thousand two hundred dollars ($1,200) per academic
school year.
(2) All scholarship loans
shall be evidenced by notes made payable to the State Board of Education which
shall that bear interest at the rate of six percent (6%) per annum
from and after September 1 following fulfillment by a prospective teacher of
the requirements for a certificate based upon the entry level degree; or in the
case of persons already teaching in the public schools who obtain scholarship loans
such loans, the notes shall bear interest at the prescribed rate
from and after September 1 of the school year beginning immediately after the
use of such the scholarship loans; or in the event any such
scholarship shall be is terminated under the provisions of
subdivision (3) of this section then such section, the notes
shall bear interest from the date of such termination. A minor
recipient who signs such a note or notes shall also obtain
the endorsement thereon by a parent, if there be a living parent, unless such
the endorsement is waived by the Superintendent of Public
Instruction. Such The minor recipient shall be obligated
upon such the note or notes as fully as if he or she the
recipient were of age and shall not be permitted to plead such minority as
a defense in order to avoid the obligations undertaken upon such note or the
notes.
(3) Each recipient of a
scholarship loan under the provisions of this program shall be eligible for
scholarship loans each year until he the recipient has qualified
for a certificate based upon the entry level degree, but he the
recipient shall not be so eligible for more than the minimum number of
years normally required by the college or university for
qualifying for said the certificate. The permanent
withdrawal of any recipient from college or failure of such the recipient
to do college work in a manner acceptable to the State Superintendent of Public
Instruction will shall immediately forfeit such the
recipient's right to retain such the scholarship and subject such
the scholarship to termination by the State Superintendent of Public
Instruction in his the Superintendent's discretion. All
terminated scholarships shall be regarded as vacant and subject to being
awarded to other eligible persons.
(4) Except under emergency
conditions applicable to the State Superintendent of Public Instruction,
recipients of scholarship loans shall enter the public school system of North
Carolina at the beginning of the next school term after qualifying for a
certificate based upon the entry level degree or or, in case of persons
already teaching in the public schools schools, at the beginning
of the next school term after the use of such the loan. All
teaching service for which the recipient of any scholarship loan is obligated
shall be rendered within seven years after the completion of the use of each
such scholarship loan. by August 31 of the seventh school year following
graduation.
(5) For each full school
year taught in a North Carolina public school, the recipient of a scholarship
loan shall receive credit upon the amount due by reason of such the loan
equal to all interest accrued upon the loan to that time plus a credit of
two thousand dollars ($2,000) upon the principal amount of such obligation or
such lesser amount as may remain due upon said principal; the loan
amount for a school year as provided in the note plus credit for the total
interest accrued on that amount; provided, however, that in lieu of
teaching in the public school, a recipient may elect to pay in cash the full
amount of scholarship loans received plus interest then due thereon or any part
thereof which that has not been canceled by the State Board of
Education by reason of teaching service rendered.
(6) If any recipient of a
scholarship loan who is fulfilling his obligation under subdivision (4) of
this section dies within the seven-year period, or if any recipient dies
during the period of attendance at a college or university under a scholarship loan,
loan or before the scholarship loan is satisfied by payment or teaching
service, any balance that has not been discharged through service shall
be automatically canceled.
If any recipient of a scholarship
loan fails to fulfill his the recipient's obligations under
subdivision (4) of this section, other than as provided above, the amount of his
the loan and accrued interest, if any, shall be due and payable from
the time of failure to fulfill such the recipient's obligations.
(7) The State
Superintendent of Public Instruction shall award scholarship loans with due
consideration to such factors and circumstances as: such as aptitude,
purposefulness, scholarship, character, financial need, and geographic areas
or subjects of instruction in which the demands for teachers are
greatest. Since the primary purpose of this Article is to attract worthy
young people to the teaching profession, preference for scholarship loans,
except for the scholarship loans from funds earmarked for teacher assistants, shall
be given to high school seniors in the awarding of scholarships. In
awarding scholarship loans from funds earmarked for teacher assistants,
preference shall be given to applicants who have already earned a baccalaureate
degree or who have been formally admitted to an approved teacher education
program in North Carolina."
Sec. 3. This act becomes effective July 1, 1993.
In the General Assembly read three times and ratified this the 1st day of July, 1993.
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Dennis A. Wicker
President of the Senate
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Daniel Blue, Jr.
Speaker of the House of Representatives