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.  Purpose. – 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 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, 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 of this act including by revenue bonds, by special obligations bonds as authorized in Section 6 of this act, or by both are as follows:
1	Appalachian State University	
	Central Dining Facility – Supplement		$2,000,000
		
2	East Carolina University	
	Tyler & Fletcher Residence Halls – Air Conditioning and 
	   Window Upgrades	3,250,000
		
3	North Carolina A&T State University	
	Parking Deck	6,796,750
		
4	North Carolina State University	
	Dining Hall Renovations	3,000,000
	Renovation of Berry, Becton, and 
	   Bagwell Residence Halls‑Supplement	4,000,000
	Student Commons Improvements	3,500,000
	Renovations to Reynolds Coliseum 	1,500,000
		
5	The University of North Carolina at Asheville	
	Governor's Village Residence Hall	12,700,000
		
6	The University of North Carolina at Chapel Hill	
	Carmichael Fields 3 & 4	1,200,000
	Student Family Housing	19,000,000
	Morrison Residence Hall Renovations	24,000,000
	Residence Halls Phase II‑Supplement	20,500,000
	Parking Facilities	17,000,000
		
7	The University of North Carolina at Charlotte	
	Parking Deck‑Supplement	4,200,000
	Greek Village Housing	21,500,000
		
8	The University of North Carolina at Greensboro	
	Parking Deck Addition	8,000,000
	Residence Hall Renovations	4,500,000
	Dining Hall Renovations	1,500,000

	TOTAL	$158,146,750

SECTION 3.  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 special obligations bonds as authorized in Section 6 of this act, are as follows:
1	Appalachian State University	
	Steam Line Improvements	$2,000,000
		
2	East Carolina University	
	Administrative Offices	2,500,000
	Stadium Maintenance Repairs – Phase III	2,600,000
		
3	The University of North Carolina at Chapel Hill	
	Ambulatory Care Renovations	1,800,000
	Arthritis Research Center	1,800,000
	ITS Building‑Supplement	4,000,000
	Institute for Advanced Materials, Nanoscience & 
	   Nanotechnology	3,800,000
	Educational Foundation Office Building	3,000,000
	Athletic Facilities Improvements	1,100,000
	School of Medicine Research Facilities‑Addition	33,000,000
	The Daniels Building Renovations	7,000,000
	Major Infrastructure Improvements	68,436,150
	Campus Fiber Optic Wiring	8,000,000
		
4	The University of North Carolina at Charlotte	
	Student Union Building‑Supplement	6,000,000
		
	TOTAL	$145,036,150

SECTION 4.  The following projects are authorized and the Board of Governors and the respective campuses are authorized to accept gifts for the costs associated with completing the projects:
1	North Carolina Central University	
	Biomanufacturing Research Institute and 
	   Training Enterprise (BRITE)	$17,800,000
		
2	North Carolina State University	
	Biomanufacturing Training and Education Center (BTEC)	33,500,000
		
3	The University of North Carolina at Chapel Hill	
	Addition to WUNC Radio	1,000,000

	TOTAL	$52,300,000

SECTION 5.  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, except that the Director of the Budget shall not authorize debt financing of the projects authorized in Section 4 of this act.  Before authorizing a change in cost or funding, the Director of the Budget shall consult with the Joint Legislative Commission on Governmental Operations.
SECTION 6.  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 Sections 2 and 3 of 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 twenty million dollars ($20,000,000) for related additional costs, such as issuance expenses, funding of reserve funds, and capitalized interest.
SECTION 7.  This act is effective when it becomes law.
In the General Assembly read three times and ratified this the 16th day of July, 2004.

	_____________________________________
		 Beverly E. Perdue
	 President of the Senate

	_____________________________________
		 Richard T. Morgan
	 Speaker of the House of Representatives

	_____________________________________
		 Michael F. Easley
	 Governor

Approved __________.m. this ______________ day of ___________________, 2004