GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2011

S                                                                                                                                                     1

SENATE BILL 444

Short Title:        UNC Nonappropriated Capital Projects.		(Public)
Sponsors:	Senators Hartsell; and Rucho.
Referred to:	Finance.

March 29, 2011

A BILL TO BE ENTITLED

AN ACT TO AUTHORIZE THE planning, CONSTRUCTION, AND THE FINANCING, WITHOUT APPROPRIATIONS FROM THE GENERAL FUND, OF CERTAIN CAPITAL IMPROVEMENT 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 planning or 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, Medicare reimbursements for education costs, hospital receipts from patient care, or other funds, or any combination of these funds, but not including funds received for tuition or 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 of this act, including by revenue bonds, by special obligation bonds as authorized in Section 5 of this act, or by both, are as follows:

Appalachian State University

Winkler Residence Hall Renovation                                                 $ 11,805,000

East Carolina University

Athletic Facilities Expansion and Improvement - Phase 4

Auxiliary Practice Gymnasium                                                                        15,000,000

Fayetteville State University     

Rudolph Jones Student Center Expansion and Renovation                  23,289,021

North Carolina A&T State University

New Health Center                                                                            10,000,000

North Carolina Central University

Chidley Residence Hall Expansion and Renovation                             41,193,000

North Carolina State University

Centennial Campus Housing Complex                                                         129,000,000

Lee Residence Hall and Sullivan Residence Hall                                              6,000,000

The University of North Carolina at Chapel Hill

Carolina Inn Renovation - Phase 2                                                       9,000,000

Woollen Gymnasium Renovation - Phase 2                                          2,650,000

The University of North Carolina at Charlotte

New Residence Hall - Phase X                                                                     31,045,802

New Residence Hall - Phase XI                                                                    40,837,005

Residence Dining Hall Replacement                                                    29,176,738

Parking Deck J                                                                                              27,418,000

The University of North Carolina at Greensboro

Student Recreation Center                                                                 91,000,000

Tower Village II Residence Hall Acquisition                                                   34,500,000

Campus Police Building                                                                                 10,030,000

Village Parking Deck                                                                                     10,877,000

The University of North Carolina at Pembroke

Student Health Services Comprehensive Renovation and Addition        3,950,000

Western Carolina University

Walker Residence Hall Expansion and Renovation                             17,289,000

SECTION 3.  The capital improvements projects, and their respective costs, authorized by this act to be planned and financed as provided in Section 1 of this act, including by revenue bonds, by special obligation bonds as authorized in Section 5 of this act, or by both, are as follows:

The University of North Carolina at Chapel Hill

Mary Ellen Jones Renovation - Phase 1                                                        $4,000,000

Research Building at Carolina North                                                                 6,000,000

The University of North Carolina at Charlotte

New Residence Hall - Phase XII                                                                     3,840,741

Cedar, Hickory and Sycamore Residence Hall Renovation                      750,000

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 may 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 Section 2 and Section 3 of this act. The maximum principal amount of bonds to be issued shall not exceed the specified project costs in Section 2 and Section 3 of this act plus five percent (5%) of such amount to pay issuance expenses, fund reserve funds, pay capitalized interest, and pay other related additional costs, plus any increase in the specific project costs authorized by the Director of the Budget pursuant to Section 4 of this act.

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