Bill > S367

This bill appropriates $8 million in nonrecurring funds from the Education Lottery Fund to support capital improvement projects at four private Historically Black Colleges and Universities (HBCUs) in North Carolina for the 2025-2026 fiscal year. The recipient institutions are Bennett College, Johnson C. Smith University, Livingstone College, and Shaw University. The funding will be distributed proportionally based on the number of undergraduate students who are North Carolina residents and currently receive federal Pell Grants (need-based financial aid) at each institution. By using this allocation method, the bill aims to provide targeted financial support to HBCUs while considering the economic challenges faced by their student populations. The funds are intended to help these colleges improve and maintain their campus infrastructure. The bill will become effective on July 1, 2025, and the money will be allocated through the Office of State Budget and Management.

Budget and Finance

https://www.ncleg.gov/BillLookUp/2025/S367