Title: S.L. 1971-1061
Category: Introduced Bills

General Assembly of North Carolina	1971

NORTH CAROLINA GENERAL ASSEMBLY
1971 SESSION

CHAPTER 1061
SENATE BILL 822

AN ACT TO AMEND ARTICLE 21, CHAPTER 116, OF THE GENERAL STATUTES OF NORTH CAROLINA RELATING TO THE ISSUANCE OF REVENUE BONDS FOR STUDENT HOUSING, STUDENT ACTIVITIES, PHYSICAL EDUCATION AND RECREATION.

The General Assembly of North Carolina enacts:

Section 1.  G.S. 116-187 is amended by inserting following the words "housing of faculty," the words "adult or continuing education programs".
Sec. 2.  G.S. 116-189 is amended as follows:
(a)	In subdivision (2) following the words "provisions for working capital," delete the words "reserves for interest" and substitute therefor "reserves for debt service"; and
(b)	Delete subdivision (5) thereof and insert in lieu thereof the following:
"The word 'project' shall mean and shall include any one or more buildings or facilities for (i) the housing, health, welfare, recreation and convenience of students,(ii) the housing of faculty, (iii) adult or continuing education, and (iv) revenue-producing parking decks or structures, of any size or type approved by the board and the Advisory Budget Commission and any enlargements, improvements or additions so approved of or to any such buildings or facilities now or hereafter existing, including, but without limiting the generality thereof, dormitories and other student, faculty and adult or continuing education housing, dining facilities, student centers, gymnasiums, field houses and other physical education and recreation buildings, structures and facilities, infirmaries and other health care buildings, structures and facilities, academic facilities for adult or continuing education, and necessary land and interests in land, furnishings, equipment and parking facilities. Any project comprising a building or buildings for student activities or adult or continuing education or any enlargement or improvement thereof or addition thereto may include, without limiting the generality thereof, facilities for services such as lounges, rest rooms, lockers, offices, stores for books and supplies, snack bars, cafeterias, restaurants, laundries, cleaning, postal, banking and similar services, offices, rooms and other facilities for guests and visitors and facilities for meetings and for recreational, cultural and entertainment activities."
Sec. 3.  This act shall be in full force and effect from and after ratification.
In the General Assembly read three times and ratified, this the 21st day of July, 1971.

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