NORTH CAROLINA GENERAL ASSEMBLY

1967 SESSION

 

 

CHAPTER 1040

SENATE BILL 716

 

 

AN ACT TO AMEND ARTICLE 4 OF CHAPTER 116 OF THE GENERAL STATUTES OF NORTH CAROLINA TO MAKE THE PROVISIONS OF ARTICLE 21 OF SAID CHAPTER APPLICABLE TO THE NORTH CAROLINA SCHOOL OF THE ARTS AND TO AUTHORIZE THE ISSUANCE OF REVENUE BONDS BY SAID SCHOOL.

 

The General Assembly of North Carolina do enact:

 

Section 1.  Article 4 of Chapter 116 of the General Statutes is hereby amended by inserting a new Section 116-70 to read as follows:

"The school is hereby declared to be a State-supported institution of higher learning within the meaning of Article 21 of Chapter 116 of the General Statutes of North Carolina, the same as if the school were enumerated in said Article 21 or in G.S. 116-45, and all of the provisions of said Article 21 are hereby made applicable to the school and its board of trustees.

"In addition to the powers conferred thereon by this Act and G.S. 116-66, the board of trustees, subject to the approval of the Advisory Budget Commission, is hereby authorized to issue from time to time revenue bonds of said board for the purpose of providing funds, with any other available funds, for acquiring dormitory facilities presently being leased by the school."

Sec. 2.  The powers conferred by this Act shall be regarded as supplemental and in addition to powers conferred by all other laws and shall not supplant or repeal any powers conferred by any other law.

Sec. 3.  Article 4 of said Chapter 116 is hereby further amended by renumbering as G.S. 116-71 the presently existing G.S. 116-70.

Sec. 4.  All laws and clauses of laws in conflict with this Act are hereby repealed.

Sec. 5.  This Act shall be in full force and effect from and after its ratification.

In the General Assembly read three times and ratified, this the 30th day of June, 1967.