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Board Chairman Lou Bissette says the amount was reached after a board committee decided Spellings had met or exceeded expectations.
The North Carolina General Assembly is diving back into work following an Easter break and ahead of a key self-imposed deadline designed to separate what lawmakers consider the best policy measures from the duds.
Some lawmakers want to make North Carolina's public colleges leave their athletic conferences if those leagues boycott the state.
Bill supporters say the measure would promote board effectiveness and efficiency. UNC system President Margaret Spellings has suggested a 32-member board is unwieldy.
A proposed tuition cut for some University of North Carolina campuses will include one historically black university after weeks of push and pull from educators, students and lawmakers.
Chancellor Carol Folt announced in a video Thursday that the University of North Carolina at Chapel Hill has been removed from academic probation by the Southern Association of Colleges and Schools Commission on Colleges (SACS).
A proposal to dramatically reduce tuition at five University of North Carolina system campuses is inching forward in the General Assembly.
Leaders of North Carolina's public universities are grappling with the threat that the federal government could withhold billions of dollars if the state loses a legal battle over transgender students and bathrooms.
The University of North Carolina at Wilmington's University Faculty Senate has passed a resolution regarding House Bill 2.