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