A BILL TO BE ENTITLED
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 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 Sections 1 and 6 of this act are as follows:
1	Appalachian State University	
	Athletic Facilities	35,800,000
	400‑Space Parking Deck	5,000,000
		
2	East Carolina University	
	College Hill Residence Halls ‑ Phase I	35,000,000
	Renovation of Clement, Greene, 
	and White Residence Halls	4,950,000
		
3	North Carolina A&T State University	
	Renovation of the Memorial Student Union	2,700,000
		
4	North Carolina Central University	
	500‑Space Parking Deck	5,000,000
		
5	North Carolina State University	
	Renovation of Berry, Becton, and
	Bagwell Residence Halls	10,000,000
	E.S. King Village Community Center	2,000,000
	Student Fitness Center	12,000,000
	Partners V Building	18,000,000
	Renovations to Thompson Theatre, 
	Talley, Witherspoon and Price Music Center	6,000,000
	Derr Track, Softball, and Soccer Complex	1,000,000
	Renovations to Reynolds Coliseum	5,000,000
		
6	The University of North Carolina at Chapel Hill	
	Rizzo Center ‑ Expansion	18,000,000
	McColl Building Addition	18,000,000
	Botanical Garden Visitor Education Center	6,000,000
	Ackland Art Museum ‑ Expansion	16,000,000
	Printing Services	3,500,000
	ITS Building	12,300,000
	Former YMCA Renovation	3,500,000
	Student Family Housing	30,000,000
	Cobb Residence Hall ‑ Renovation	9,884,000
	Parking Facilities	19,200,000
	Major Infrastructure Improvements 
	& Waste Remediation	52,000,000
		
7	University of North Carolina at Charlotte	
	Student Union	39,700,000
	Baseball Stadium Improvements	3,000,000
		
8	University of North Carolina at Greensboro	
	Exercise Track	1,000,000
	Ragsdale/Mendenhall, and 
	Weil/Winfeld Residence Halls ‑ Renovations	3,300,000
	Elliot University Center Library Connector	1,500,000
	Gove Health Center	8,500,000
	Softball Field and Stadium Complex	3,000,000
		
9	Western Carolina University	
	New Student Residence Hall	13,161,000
	Residence Hall Renovation	10,264,700
	Parking Deck ‑ 500 Spaces	6,250,000
	Dodson Cafeteria Renovation	4,927,400
	Softball Field and Stadium	2,320,000

SECTION 3.  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	The University of North Carolina at Chapel Hill	
	Burnett‑Womack Building	7,395,000
	Beard Hall Renovations	2,394,000
	Science Complex, Phase I	8,854,000
	Manning Steam Plant	13,212,360
	Global and International Studies Facility	5,000,000
	Cogeneration‑Turbine Improvements	24,000,000
		
2	The University of North Carolina at Pembroke	
	Auxiliary Services Building	1,500,000
	Improvements to Recreational, Athletic, 
	and Physical Education Facilities	600,000

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 fifteen million dollars ($15,000,000) for related additional costs, such as issuance expenses, funding of reserve funds, and capitalized interest.
SECTION 6.  With respect to three projects at the University of North Carolina at Chapel Hill, the Rizzo Center Expansion, the Ackland Art Museum Expansion, and Student Family Housing, the institution may accomplish construction and financing through lease arrangements to and from nonprofit corporations as follows:
1.	Rizzo Center through lease with the Kenan‑Flagler Business School Foundation.
2.	Ackland Art Museum through lease with the University of North Carolina at Chapel Hill Foundation, Inc.
3.	Student Family Housing through lease with the University of North Carolina at Chapel Hill Foundation, Inc.
SECTION 7.  This act is effective when it becomes law.