North Carolina General Statutes 116-291. Cheatham-White Scholarships; fund established; administration of fund
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Terms Used In North Carolina General Statutes 116-291
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
(a) Fund Established. – There is established the Cheatham-White Scholarships Fund to be used to fund scholarships awarded pursuant to this Article. Both private and public funds may be solicited in the creation of the fund.
(b) Matching Funds. – The funds appropriated each fiscal year to the Cheatham-White Scholarships Fund shall be matched by non-State funds and disbursed pursuant to N.C. Gen. Stat. § 143C-4-5.
(c) Administration of Fund. – The University of North Carolina System Office shall administer the Cheatham-White Scholarships Fund and the Cheatham-White Scholarships program. (2016-94, s. 11.4(e); 2018-12, s. 11.)