NC H656

College of the Albemarle Board of Trustees may expend state-appropriated capital improvement funds, including Connect NC Bond funds, for construction and renovation of educational facilities owned by counties in its service area (Camden, Chowan, Currituck, Dare, Gates, Pasquotank, and Perquimans Counties).

Facilities constructed or renovated with state funds must be leased to the College of the Albemarle for a minimum of 30 years, with prorated reimbursement to the college if the lessor terminates the lease without fault by the college.

The Board of Trustees may contract directly with counties for educational facility construction or renovation without being subject to General Statute 143-341 requirements.

Capital facilities funded with Connect NC Bond proceeds must be used exclusively for community college purposes, with adequate lease provisions to ensure compliance.

The act is effective upon becoming law and applies only to capital improvement projects with construction contracts executed before July 1, 2022.