North Carolina General Statutes Chapter 160A. Cities and Towns § 160A-700. Funding for public education

(1) For a public school located inside the city limits, for capital, for current operating expenses, or for other specific uses directed by the city. Funds appropriated by cities in accordance with this subdivision may be used to enter into operational and financing leases for real property or mobile classroom units for use as school facilities for public schools and may be used for payments on loans made to public schools for facilities, equipment, or operations. However, municipal appropriations shall not be used to obtain any other interest in real property or mobile classroom units. Every contract or lease into which a public school enters involving a municipal appropriation pursuant to this section shall include the following sentence: “No indebtedness of any kind incurred or obligation created by the public school shall constitute an indebtedness or obligation of the city, and no indebtedness or obligation of the public school shall involve or be secured by the faith, credit, or taxing power of the city.”

(2) For a public school located outside the city limits, on a per pupil basis for students attending that school who are residents of the city for current operating expenses or other specific uses directed by the city.

(1) A school under the control of a local board of education.

(2) An innovative school operated under Article 7A of Chapter 115C of the General Statutes.

(3) A laboratory school under the control of a constituent institution of The University of North Carolina.

(4) A charter school created under Article 14A of Chapter 115C of the General Statutes.

(5) A regional school created under Part 10 of Article 16 of Chapter 115C of the General Statutes.