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