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NC H409

Bill

Official Source

Status

Passed

6/16/2011

Primary Sponsor

Alma Adams

Click for details

Origin

House of Representatives

2011-2012 Session

AI Summary

  • Guilford Technical Community College board of trustees may lease a portion of its Donald W. Cameron Campus property to The North Carolina Center for Global Logistics, LLC at private sale without State Board of Community Colleges approval.

  • Lease terms and conditions, including rental rates that may be below fair market value, are determined solely by the college's board of trustees.

  • Lease proceeds may be used for the college's current operating expenses or capital outlay purposes.

  • College personnel and facilities may be used to support economic development through operating the Donald W. Cameron Campus as an event venue, with proceeds supporting facility operations or the college's mission.

  • Effective upon becoming law on June 16, 2011.

Legislative Description

Guilford Tech. May Lease Property

Last Action

Ch. SL 2011-153

6/16/2011

Committee Referrals

Finance6/8/2011
Finance4/21/2011
Government3/21/2011

Full Bill Text

No bill text available