116-74.41. North Carolina Principal Fellows and TP3 Commission established; membership. (a) There is established the North Carolina Principal Fellows and TP3 Commission. The Commission shall exercise its powers and duties independently in its administration of the North Carolina Principal Fellows and Transforming Principal Preparation Program in accordance with this Article. The Director of the Program […]
116-74.41A. Definitions. For the purposes of this Article, the following definitions apply: (1) Authority or SEAA. – The State Education Assistance Authority as created in G.S. 116-203. (2) Commission. – The North Carolina Principal Fellows and TP3 Commission. (3) Eligible entity. – A for-profit or nonprofit organization or an institution of higher education that has […]
116-74.41B. The North Carolina Principal Fellows and TP3 Trust Fund. (a) Trust Fund Established. – The North Carolina Principal Fellows and TP3 Trust Fund shall be an institutional trust fund established pursuant to G.S. 116-36.1. All funds appropriated to, or otherwise received by, (i) the Program for the award of grants pursuant to G.S. 116-74.44, […]
116-74.44. North Carolina Principal Fellows and Transforming Principal Preparation Program established; administration. (a) Established. – There is established the North Carolina Principal Fellows and Transforming Principal Preparation Program as a competitive grant program for eligible entities for the purpose of elevating educators in North Carolina public schools by transforming the preparation of principals across the […]
116-74.45. Grant applications; priority. (a) Application Requirements. – Subject to the availability of funds for this purpose, the Commission shall issue a request for proposal with guidelines and criteria for applying for a grant. An eligible entity that seeks a grant shall submit to the Commission an application at such time, in such manner, and […]
116-74.46. Recipient selection; use of grant funds; duration and conditions of grants; reporting requirements. (a) Selection. – After evaluation of grant applications pursuant to G.S. 116-74.45, the Commission shall notify the Authority of its selection of the recipients of grants for each fiscal year. The Commission shall select up to eight grant recipients to be […]
116-74.47. Reports. The Commission shall provide the State Board of Education, the Authority, and the Joint Legislative Education Oversight Committee with the data collected from grant recipients in accordance with G.S. 116-74.46 on an annual basis. (2019-60, s. 1(l).)
116-74.48. Terms of forgivable scholarship loans for program recipients. (a) Notes. – A program participant shall be eligible for a forgivable scholarship loan in the amount of up to twenty thousand dollars ($20,000) per year for up to two years in the program, with a maximum loan amount of forty thousand dollars ($40,000) per participant. […]
116-74.49. Staff to the Commission. The Commission shall appoint a director of the North Carolina Principal Fellows and Transforming Principal Preparation Program. The director shall chair and staff the Commission and shall administer the extracurricular enhancement activities of the Program. The University of North Carolina System Office shall provide office space for the Program. The […]
