143C-4-1. Annual balanced budget. The budget recommended by the Governor and the budget enacted by the General Assembly shall be balanced and shall include two fiscal years beginning on July 1 of each odd-numbered year. Each fiscal year and each fund shall be balanced separately. The budget for a fund is balanced when the beginning […]
143C-4-10. Unfunded Liability Solvency Reserve. (a) Creation. – The Unfunded Liability Solvency Reserve is established as a reserve in the General Fund. The Unfunded Liability Solvency Reserve is an employee benefits trust as described under G.S. 143C-1-3(a). (b) Definitions. – The following definitions apply in this section: (1) Benefit enhancement. – Any change to the […]
143C-4-11. Medicaid Contingency Reserve. (a) Medicaid Contingency Reserve. – The Medicaid Contingency Reserve is established as a reserve to be used only for budget shortfalls in the Medicaid or NC Health Choice program. (b) Funds from the Medicaid Contingency Reserve may be allocated or expended only if all of the following criteria are met: (1) […]
143C-4-2. Savings Reserve. (a) Creation. – The Savings Reserve is established as a reserve in the General Fund and is a component of the unappropriated General Fund balance. (b) General Use of Funds. – In each fiscal year, funds reserved to the Savings Reserve shall be available for expenditure in an aggregate amount that does […]
143C-4-3.1. State Capital and Infrastructure Fund. (a) Legislative Intent. – The General Assembly recognizes the need to establish and maintain a sufficient funding source to address the ongoing capital and infrastructure needs of the State. The General Assembly further recognizes the need to protect the State’s substantial improvements in existing public facilities while providing a […]
143C-4-4. Contingency and Emergency Fund. (a) Creation. – The Contingency and Emergency Fund is established within the General Fund. The General Assembly shall appropriate a specific amount to this fund for contingencies and emergencies in the Current Operations Appropriations Act or other appropriations bill. (b) Authorized Uses. – Notwithstanding any other provision of law, funds […]
143C-4-5. Non-State match restrictions. Whenever money is required to match an appropriation made for a specific purpose by the State of North Carolina, the recipient of the appropriation shall actually receive as a gift, grant, earnings in actual money, or a pledge that can be used as collateral in any prudent loan transaction, the matching […]
143C-4-6. General Fund operating budget size limited. (a) Size Limitation. – Except as otherwise provided in this section, the General Fund operating budget each fiscal year shall not be greater than seven percent (7%) of the projected total State personal income for that fiscal year. (b) Increase in Size Limitation. – To the extent that […]
143C-4-7. Limit on number of permanent positions budgeted. The total number of permanent budgeted positions established in State agencies shall not be increased by the end of any State fiscal year by a greater percentage rate of change than the percentage rate of change of the residential population growth for the State of North Carolina. […]
143C-4-8. Use of funds appropriated to a reserve. All funds appropriated into a reserve by a Current Operations Appropriations Act or other act of the General Assembly may be expended only for the purpose or purposes for which the reserve was established. (2017-57, s. 6.3.)
143C-4-9. Pay Plan Reserve. (a) Creation. – The Pay Plan Reserve is established within the General Fund. The General Assembly shall appropriate in the Current Operations Appropriations Act (Act) or other appropriations act a specific amount to this reserve for allocation, on an as-needed basis only, to fund statutory and scheduled pay expenses authorized by: […]