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NC S309
Bill
AI Summary
- Authorizes financing of capital improvement projects at University of North Carolina institutions without appropriations from the General Fund or State Capital and Infrastructure Fund
- Projects must be funded through gifts, grants, self-liquidating indebtedness, Medicare reimbursements, hospital receipts, or other non-tuition sources
- Authorizes a total of $174,420,000 in capital projects across six UNC institutions, including dormitory renovations, athletic facilities, and infrastructure improvements
- Allows the Board of Governors to issue special obligation bonds up to the project amounts plus 5% for issuance expenses, with Director of the Budget approval
- Director of the Budget may authorize increases, decreases, or funding method changes to projects in consultation with the Joint Legislative Commission on Governmental Operations
Legislative Description
2023 UNC Self-Liquidating Capital Projects
Boards; Budgeting; Capital Spending; Colleges & Universities; Construction; Counties; Education; Funds & Accounts; Higher Educat
Last Action
Re-ref to Finance. If fav, re-ref to Rules and Operations of the Senate
3/15/2023
Committee Referrals
Finance3/15/2023
Rules and Operations of the Senate3/15/2023
Full Bill Text
No bill text available