GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1995

H	1 

HOUSE BILL 1258

Short Title:  WSSU Residence Sale Proceeds.	(Public)

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Sponsors: Representatives Gray; Oldham, Womble, and Sexton.

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Referred to:  Appropriations.

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May 21, 1996

A BILL TO BE ENTITLED
AN ACT TO AUTHORIZE THE UNIVERSITY OF NORTH CAROLINA TO RETAIN THE NET PROCEEDS FROM SALE OF THE FORMER RESIDENCE OF THE CHANCELLOR OF WINSTON-SALEM STATE UNIVERSITY FOR APPLICATION TOWARD PURCHASE OF THE SUCCESSIVE RESIDENCE FOR THE CHANCELLOR.
The General Assembly of North Carolina enacts:
Section 1.  The University of North Carolina is authorized to retain the net proceeds from sale of the house and associated land at 631 Banner Avenue, Winston-Salem, formerly used as the residence of the Chancellor of Winston-Salem State University, and to apply the net proceeds toward purchase of a successive residence for the Chancellor.
Sec. 2.  This act is effective upon ratification.