GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2003
SESSION LAW 2003-360
SENATE BILL 705
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 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 Sections 1 and 6 of this act are as follows:
1 Appalachian State University
Athletic Facilities 35,800,000
400-Space Parking Deck 5,000,000
2 East Carolina University
College Hill Residence Halls - Phase I 35,000,000
Renovation of Clement, Greene,
and White Residence Halls 4,950,000
3 North Carolina A&T State University
Renovation of the Memorial Student Union 2,700,000
4 North Carolina Central University
500-Space Parking Deck 5,000,000
5 North Carolina State University
Renovation of Berry, Becton, and
Bagwell Residence Halls 10,000,000
E.S. King Village Community Center 2,000,000
Student Fitness Center 12,000,000
Partners V Building 18,000,000
Renovations to Thompson Theatre,
Talley, Witherspoon and Price Music Center 6,000,000
Derr Track, Softball, and Soccer Complex 1,000,000
Renovations to Reynolds Coliseum 5,000,000
6 The University of North Carolina at Chapel Hill
Rizzo Center - Expansion 18,000,000
McColl Building Addition 18,000,000
Botanical Garden Visitor Education Center 6,000,000
Ackland Art Museum - Expansion 16,000,000
Printing Services 3,500,000
ITS Building 12,300,000
Former YMCA Renovation 3,500,000
Student Family Housing 30,000,000
Cobb Residence Hall - Renovation 9,884,000
Parking Facilities 19,200,000
Major Infrastructure Improvements
& Waste Remediation 52,000,000
7 University of North Carolina at Charlotte
Student Union 39,700,000
Baseball Stadium Improvements 3,000,000
8 University of North Carolina at Greensboro
Exercise Track 1,000,000
Ragsdale/Mendenhall, and
Weil/Winfeld Residence Halls - Renovations 3,300,000
Elliot University Center Library Connector 1,500,000
Gove Health Center 8,500,000
Softball Field and Stadium Complex 3,000,000
9 Western Carolina University
New Student Residence Hall 13,161,000
Residence Hall Renovation 10,264,700
Parking Deck - 500 Spaces 6,250,000
Dodson Cafeteria Renovation 4,927,400
Softball Field and Stadium 2,320,000
SECTION 3. 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 The University of North Carolina at Chapel Hill
Burnett-Womack Building 7,395,000
Beard Hall Renovations 2,394,000
Science Complex, Phase I 8,854,000
Manning Steam Plant 13,212,360
Global and International Studies Facility 5,000,000
Cogeneration-Turbine Improvements 24,000,000
2 The University of North Carolina at Pembroke
Auxiliary Services Building 1,500,000
Improvements to Recreational, Athletic,
and Physical Education Facilities 600,000
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 fifteen million dollars ($15,000,000) for related additional costs, such as issuance expenses, funding of reserve funds, and capitalized interest.
SECTION 6. With respect to three projects at the University of North Carolina at Chapel Hill, the Rizzo Center Expansion, the Ackland Art Museum Expansion, and Student Family Housing, the institution may accomplish construction and financing through lease arrangements to and from nonprofit corporations as follows:
1. Rizzo Center through lease with the Kenan-Flagler Business School Foundation.
2. Ackland Art Museum through lease with the University of North Carolina at Chapel Hill Foundation, Inc.
3. Student Family Housing through lease with the University of North Carolina at Chapel Hill Foundation, Inc.
SECTION 7. This act is effective when it becomes law.
In the General Assembly read three times and ratified this the 18th day of July, 2003.
s/ Beverly E. Perdue
President of the Senate
s/ Richard T. Morgan
Speaker of the House of Representatives
s/ Michael F. Easley
Governor
Approved 10:12 a.m. this 1st day of August, 2003