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NC H1182

Bill

Official Source

Status

Passed

7/7/2014

Primary Sponsor

William Brawley

Click for details

Origin

House of Representatives

2013-2014 Session

AI Summary

  • Authorizes acquisition and construction of capital improvement projects for University of North Carolina constituent institutions without using General Fund appropriations
  • Financing permitted through gifts, grants, receipts, self-liquidating indebtedness, Medicare reimbursements, hospital receipts, or revenue bonds
  • Lists specific projects with authorized costs totaling $376,179,000 across institutions including East Carolina University ($156.3M), North Carolina State University ($35M), UNC Chapel Hill ($32M), and others
  • Allows Board of Governors to issue special obligation bonds up to specified project costs plus 5% for issuance expenses and related costs
  • Director of the Budget may authorize increases, decreases, or funding method changes to projects upon request from Board of Governors

Legislative Description

UNC Nonappropriated Capital Projects

Last Action

Ch. SL 2014-60

7/7/2014

Committee Referrals

Finance6/24/2014
Finance6/12/2014
Appropriations5/22/2014

Full Bill Text

No bill text available