A BILL TO BE ENTITLED
AN ACT to allow receipts from the sale of surplus property to be budgeted for certain purposes for the university of north carolina.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 143‑64.05 is amended by adding a new subsection to read:
"(d)	All receipts from the transfer or sale of surplus, obsolete, or unused equipment or recyclable material of The University of North Carolina may be retained by The University of North Carolina and applied to the cost of replacement or for the administrative costs associated with the disposal of surplus property and recyclable materials."
SECTION 2.  This act becomes effective July 1, 2002.