The Wake County school system stands to get less than half of the amount it expected from land that disgraced former House Speaker Jim Black gave to pay part of the fine for his state corruption conviction.

Black was allowed in 2009 to turn over 9.5 acres of undeveloped land in Matthews, near Charlotte, to settle $500,000 of the $1 million fine he was assessed in his case. The other $500,000 was paid in cash.

On Tuesday, the school board will vote on selling the land to the Town of Matthews for $295,427. If approved, the school system would get $241,127, with the State Board of Elections receiving $54,300.

In 2009, Black's family paid for an appraisal of the land that determined the value of the site on Rice Road was $613,000. School officials say a recent appraisal shows the property is worth $341,000.

Black, a Mecklenburg Democrat who was once one of the most powerful politicians in North Carolina, was convicted in 2007 on federal and state charges for accepting thousands of dollars in illegal payments, including instances of cash being handed over in restaurant bathrooms.

Black was released from federal prison in 2010. He was allowed to serve his state sentence concurrently. He got two years cut from his sentence by agreeing to pay a $1 million fine. Money from fines goes to school systems, and Wake got the money because it was the county where Black was convicted.

Wake Superior Court Judge Donald Stephens approved the arrangement.

Ron Margiotta, a Wake school board member in 2009, criticized the deal and said Black should have been required to provide cash instead of land.

Margiotta's comments angered Stephens, who called them "idiotic" and said he would have to give serious thought to whether he would levy fines in the future that would benefit the Wake school system. Amid the threat, the school board sent a letter to Stephens saying it respected his actions