GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2001

 

 

SESSION LAW 2002-173

HOUSE BILL 1726

 

 

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.  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 this 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 and Section 5 of this act are as follows:

 

1.      Appalachian State University

Residence Halls Comprehensive Renovations                        $12,000,000

 

2.      East Carolina University

Clement Residence Hall Renovations                                          2,833,000

West End Dining Hall Supplement                                               3,357,000

 

3.      Elizabeth City State University

Renovation of Campus Dining Facility                                        1,178,000

 

4.      Fayetteville State University

Athletic Facilities Improvements                                                 2,766,550

 

5.      North Carolina State University

Soccer, Track, and Softball Complex                                           4,500,000

Fire Safety - Residence Halls                                                       1,300,000

University Apartments for Upperclassmen Housing                77,260,700

Parking Expansion Projects                                                          1,000,000

 

6.      The University of North Carolina at Chapel Hill

208 West Franklin Street                                                              4,000,000

Kenan, McIver, Alderman Residence Hall Renovations           10,500,000

Residence College Phase II                                                        46,500,000

School of Medicine Research Facilities                                   77,700,000

Ramshead Development                                                              12,800,000

Hot Water Replacement Phase II                                                  5,000,000

 

7.      University of North Carolina at Charlotte

Residence Hall  Phase VIII                                                          22,000,000

Brocker Health Center                                                                   7,150,000

Parking Deck G                                                                              8,300,000

 

8.      The University of North Carolina at Pembroke

Surface Parking Lot                                                                           275,000

University Center Expansion                                                         3,000,000

Improvements to Student Recreation Facilities                             600,000

 

9.      The University of North Carolina at Wilmington

University Union Building Expansion and Renovation

(Supplemental Funding)                                                               22,400,000

Parking - 650 Spaces                                                                     3,000,000

Wagoner Hall Renovations                                                            4,000,000

Residence Hall Renovations                                                         6,000,000

 

10.    Western Carolina University

Hospitality Management Center                                                   8,000,000

Student Recreation Center                                                          11,500,000

 

TOTAL                                                                                      $358,920,250

 

SECTION 3.  The capital improvements projects listed in this section were authorized in S.L. 2000-03.  The capital improvements projects, and their respective costs, authorized by this act to be financed as provided in Section 1 and Section 5 of this act, are as follows:

 

1.      North Carolina State University

College of Engineering Phase II                                             $    8,000,000

CVM Research Lab Building                                                      14,584,000

Centennial Campus Building                                                         4,064,000

 

2.      The University of North Carolina at Chapel Hill

Carrington Hall Addition                                                               2,077,900

Science Complex Phase I                                                            18,037,500

 

3.      The University of North Carolina at Pembroke

Auxiliary Services Complex and Student Bookstore                  1,500,000

 

4.      The University of North Carolina at Wilmington

Westside Building Expansion                                                       3,000,000

 

TOTAL                                                                                      $  51,263,400

 

SECTION 4.  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. In determining whether to authorize a change in cost or funding, the Director of the Budget shall consult with the Joint Legislative Commission on Governmental Operations.

SECTION 5.  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 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 six million dollars ($6,000,000) for related additional costs, such as issuance expenses, funding of reserve funds, and capitalized interest.

SECTION 6.  This act is effective when it becomes law.

In the General Assembly read three times and ratified this the 2nd day of October, 2002.

 

 

                                                                    s/ Beverly E. Perdue

                                                                         President of the Senate

 

 

                                                                    s/ James B. Black

                                                                         Speaker of the House of Representatives

 

 

                                                                    s/ Michael F. Easley

                                                                         Governor

 

 

Approved 1:40 p.m. this 31st day of October, 2002