AN ACT TO AUTHORIZE THE CONSTRUCTION AND THE FINANCING, WITHOUT APPROPRIATIONS FROM THE GENERAL FUND, OF CERTAIN CAPITAL IMPROVEMENTS 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 construction, by certain constituent institutions of The University of North Carolina, of the capital improvements projects listed in this 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, or other funds, or any combination of these funds, but not including funds 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 and Section 5 of this act are as follows:

1.	Appalachian State University
Residence Halls Comprehensive Renovations	$12,000,000

2.	East Carolina University
Clement Residence Hall Renovations	2,833,000
West End Dining Hall Supplement	3,357,000

3.	Elizabeth City State University
Renovation of Campus Dining Facility	1,178,000

4.	Fayetteville State University
Athletic Facilities Improvements	2,766,550

5.	North Carolina State University
Soccer, Track, and Softball Complex 	4,500,000
Fire Safety – Residence Halls	1,300,000
University Apartments for Upperclassmen Housing	77,260,700
Parking Expansion Projects	1,000,000

6.	The University of North Carolina at Chapel Hill
208 West Franklin Street	4,000,000
Kenan, McIver, Alderman Residence Hall Renovations	10,500,000
Residence College Phase II	46,500,000
School of Medicine Research Facilities	77,700,000
Ramshead Development	12,800,000
Hot Water Replacement Phase II	5,000,000

7.	University of North Carolina at Charlotte
Residence Hall  Phase VIII	22,000,000
Brocker Health Center	7,150,000
Parking Deck G	8,300,000

8.	The University of North Carolina at Pembroke
Surface Parking Lot	275,000
University Center Expansion	3,000,000
Improvements to Student Recreation Facilities	600,000

9.	The University of North Carolina at Wilmington
University Union Building Expansion and Renovation
(Supplemental Funding)	22,400,000
Parking – 650 Spaces	3,000,000
Wagoner Hall Renovations	4,000,000
Residence Hall Renovations	6,000,000

10.	Western Carolina University
Hospitality Management Center	8,000,000
Student Recreation Center	11,500,000

TOTAL	$358,920,250

SECTION 3.  The capital improvements projects listed in this section were authorized in S.L. 2000‑03.  The capital improvements projects, and their respective costs, authorized by this act to be financed as provided in Section 1 and Section 5 of this act, are as follows:

1.	North Carolina State University
College of Engineering Phase II	$	8,000,000
CVM Research Lab Building	14,584,000
Centennial Campus Building	4,064,000

2.	The University of North Carolina at Chapel Hill
Carrington Hall Addition	2,077,900
Science Complex Phase I	18,037,500

3.	The University of North Carolina at Pembroke
Auxiliary Services Complex and Student Bookstore	1,500,000

4.	The University of North Carolina at Wilmington
Westside Building Expansion	3,000,000

TOTAL	$	51,263,400

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 shall 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 this act. The maximum principal amount of bonds to be issued shall not exceed the specified project costs in Sections 2 and 3 of this act plus six million dollars ($6,000,000) for related additional costs, such as issuance expenses, funding of reserve funds, and capitalized interest.
SECTION 6.  This act is effective when it becomes law.
In the General Assembly read three times and ratified this the 2nd day of October, 2002.

	_____________________________________
		 Beverly E. Perdue
	 President of the Senate

	_____________________________________
		 James B. Black
	 Speaker of the House of Representatives

	_____________________________________
		 Michael F. Easley
	 Governor

Approved __________.m. this ______________ day of ___________________, 2002