GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2003

 

 

SESSION LAW 2004-181

HOUSE BILL 1699

 

 

AN ACT TO AUTHORIZE THE CONSTRUCTION AND THE FINANCING, WITHOUT APPROPRIATIONS FROM THE GENERAL FUND, OF CERTAIN CAPITAL IMPROVEMENTS PROJECTS OF THE CONSTITUENT INSTITUTIONS OF THE UNIVERSITY OF NORTH CAROLINA.

 

The General Assembly of North Carolina enacts:

 

SECTION 1.  Purpose. - The purpose of this act is:  (i) to authorize the construction by certain constituent institutions of The University of North Carolina of the capital improvements projects listed in the act for the respective institutions, and (ii) to authorize the financing of these projects with funds available to the institutions from gifts, grants, receipts, self-liquidating indebtedness, or other funds, or any combination of these funds, but not including funds appropriated from the General Fund of the State.

SECTION 2.  The capital improvements projects, and their respective costs, authorized by this act to be constructed and financed as provided in Section 1 of this act including by revenue bonds, by special obligations bonds as authorized in Section 6 of this act, or by both are as follows:

1          Appalachian State University      

            Central Dining Facility - Supplement                                                         $2,000,000

                       

2          East Carolina University 

            Tyler & Fletcher Residence Halls - Air Conditioning and

               Window Upgrades                                                                                        3,250,000

                       

3          North Carolina A&T State University  

            Parking Deck                                                                                                   6,796,750

                       

4          North Carolina State University

            Dining Hall Renovations                                                                                3,000,000

            Renovation of Berry, Becton, and

               Bagwell Residence Halls-Supplement                                                       4,000,000

            Student Commons Improvements                                                                 3,500,000

            Renovations to Reynolds Coliseum                                                              1,500,000

                       

5          The University of North Carolina at Asheville           

            Governor's Village Residence Hall                                                             12,700,000

                       

6          The University of North Carolina at Chapel Hill       

            Carmichael Fields 3 & 4                                                                                1,200,000

            Student Family Housing                                                                               19,000,000

            Morrison Residence Hall Renovations                                                      24,000,000

            Residence Halls Phase II-Supplement                                                        20,500,000

            Parking Facilities                                                                                          17,000,000

                       

7          The University of North Carolina at Charlotte          

            Parking Deck-Supplement                                                                             4,200,000

            Greek Village Housing                                                                                 21,500,000

                       

8          The University of North Carolina at Greensboro      

            Parking Deck Addition                                                                                   8,000,000

            Residence Hall Renovations                                                                          4,500,000

            Dining Hall Renovations                                                                                1,500,000

 

            TOTAL                                                                                                      $158,146,750

 

SECTION 3.  The capital improvements projects, and their respective costs, authorized by this act to be constructed and financed as provided in Section 1 of this act, including by special obligations bonds as authorized in Section 6 of this act, are as follows:

1        Appalachian State University                                                         

            Steam Line Improvements                                                                           $2,000,000

                                                                                                                   

2        East Carolina University                                                            

            Administrative Offices                                                                                   2,500,000

            Stadium Maintenance Repairs - Phase III                                                    2,600,000

                                                                                                                   

3        The University of North Carolina at Chapel Hill                 

            Ambulatory Care Renovations                                                                       1,800,000

            Arthritis Research Center                                                                              1,800,000

            ITS Building-Supplement                                                                               4,000,000

          Institute for Advanced Materials, Nanoscience &

               Nanotechnology                                                                                           3,800,000

            Educational Foundation Office Building                                                      3,000,000

            Athletic Facilities Improvements                                                                  1,100,000

            School of Medicine Research Facilities-Addition                                    33,000,000

            The Daniels Building Renovations                                                                7,000,000

            Major Infrastructure Improvements                                                            68,436,150

            Campus Fiber Optic Wiring                                                                           8,000,000

                                                                                                                   

4        The University of North Carolina at Charlotte                     

            Student Union Building-Supplement                                                             6,000,000

                                                                                                                   

            TOTAL                                                                                                      $145,036,150

 

SECTION 4.  The following projects are authorized and the Board of Governors and the respective campuses are authorized to accept gifts for the costs associated with completing the projects:

1          North Carolina Central University       

            Biomanufacturing Research Institute and

               Training Enterprise (BRITE)                                                                  $17,800,000

                       

2          North Carolina State University

            Biomanufacturing Training and Education Center (BTEC)                       33,500,000

                       

3          The University of North Carolina at Chapel Hill       

            Addition to WUNC Radio                                                                              1,000,000

 

 

            TOTAL                                                                                                         $52,300,000

 

SECTION 5.  At the request of the Board of Governors of The University of North Carolina and upon determining that it is in the best interest of the State to do so, the Director of the Budget may authorize an increase or decrease in the cost of, or a change in the method of funding, the projects authorized by this act, except that the Director of the Budget shall not authorize debt financing of the projects authorized in Section 4 of this act.  Before authorizing a change in cost or funding, the Director of the Budget shall consult with the Joint Legislative Commission on Governmental Operations.

SECTION 6.  Pursuant to G.S. 116D-26, the Board of Governors may issue, subject to the approval of the Director of the Budget, at one time or from time to time, special obligation bonds of the Board of Governors for the purpose of paying all or any part of the cost of acquiring, constructing, or providing for the projects authorized by Sections 2 and 3 of this act.  The maximum principal amount of bonds to be issued shall not exceed the specified project costs in Sections 2 and 3 of this act plus twenty million dollars ($20,000,000) for related additional costs, such as issuance expenses, funding of reserve funds, and capitalized interest.

SECTION 7.  This act is effective when it becomes law.

In the General Assembly read three times and ratified this the 16th day of July, 2004.

 

 

                                                                    s/ Beverly E. Perdue

                                                                         President of the Senate

 

 

                                                                    s/ Richard T. Morgan

                                                                         Speaker of the House of Representatives

 

 

                                                                    s/ Michael F. Easley

                                                                         Governor

 

 

Approved 11:30 a.m. this 10th day of August, 2004