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NC S444
Bill
AI Summary
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Authorizes University of North Carolina constituent institutions to plan and construct capital improvement projects totaling over $228 million, funded through gifts, grants, revenue bonds, special obligation bonds, and non-General Fund sources (not tuition or General Fund appropriations).
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UNC projects include residence halls, infrastructure improvements, and facility renovations at 10 institutions, with major projects including East Carolina University's $40 million Belk Residence Hall reconstruction and UNC-Charlotte's $49.5 million campus infrastructure development.
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Authorizes UNC-Chapel Hill to construct chilled water infrastructure improvements through direct ownership or arrangement with Orange Water and Sewer Authority, and permits Winston-Salem State University to acquire student housing through foundation arrangements.
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Grants $27.8 million in non-General Fund capital project authorization for various state departments including Public Safety ($1.7 million), Agriculture ($15.5 million), Cultural Resources, Environment and Natural Resources, and Administration.
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Director of the Budget may approve increases or decreases in project costs and funding methods in consultation with the Joint Legislative Commission on Governmental Operations; special obligation bonds limited to project costs plus 5% for issuance expenses and related costs.
Legislative Description
Nonappropriated Capital Projects
Last Action
Ch. SL 2012-164
7/12/2012