Bill Text: NC H904 | 2011-2012 | Regular Session | Introduced
Bill Title: UNC Nonappropriated Capital Projects
Spectrum: Slight Partisan Bill (Democrat 5-2)
Status: (Introduced - Dead) 2011-05-05 - Ref to the Com on Appropriations, if favorable, Finance [H904 Detail]
Download: North_Carolina-2011-H904-Introduced.html
GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2011
H D
HOUSE DRH30308-MDx-63A* (03/04)
Short Title: UNC Nonappropriated Capital Projects. |
(Public) |
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Sponsors: |
Representative McComas. |
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Referred to: |
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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.