GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1997

H	3 

HOUSE BILL 1541
Committee Substitute Favorable 6/15/98
Senate Education/Higher Education Committee Substitute Adopted 7/16/98

Short Title:  Comm. Coll. Sale of Donated Land.	(Public)

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Sponsors:

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Referred to: 

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May 27, 1998

A BILL TO BE ENTITLED
AN ACT TO ALLOW COMMUNITY COLLEGES TO USE THE PROCEEDS FROM THE SALE OR LEASE OF DONATED PROPERTY FOR SPECIFIC EDUCATIONAL PURPOSES.
The General Assembly of North Carolina enacts:
Section 1.  G.S. 115D-15 reads are rewritten:
"§ 115D-15.  Sale, exchange or lease of property; use of proceeds from donated property.
(a)	When in the opinion of the board of trustees of any institution organized under this Chapter, the use of any real or personal property owned or held by the board of trustees is unnecessary or undesirable for the purposes of the institution, the board of trustees, subject to prior approval of the State Board of Community Colleges, may sell, exchange, or lease the property in the same manner as is provided by law for the sale, exchange, or lease of school property by county or city boards of education or in accordance with G.S. 160A-274. The proceeds of any sale or lease under this subsection shall be used for capital outlay purposes.
(b)	Notwithstanding subsection (a) of this section or any other law and subject to rules adopted by the State Board, if real or personal property is donated to a community college to support a specific educational purpose, the board of trustees may use the proceeds from the sale or lease of the property according to the terms of the donation.  The board of trustees shall use the procedures authorized under Article 12 of Chapter 160A of the General Statutes."
Section 2.  Prior to January 1, 1999, the State Board of Community Colleges shall adopt rules to implement this act.
Section 3.  This act is effective when it becomes law.