A BILL TO BE ENTITLED
AN ACT to authorize community colleges to enter into public/private partnerships for construction projects.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 115D‑20 is amended by adding a new subsection to read:
"§ 115D‑20.  Powers and duties of trustees.
The trustees of each institution shall constitute the local administrative board of such institution, with such powers and duties as are provided in this Chapter and as are delegated to it by the State Board of Community Colleges. The powers and duties of trustees shall include the following:
. . . 
(13)	To enter into a public/private partnership for construction of a facility with the prior approval of the State Board of Community Colleges. Under such an agreement, the board of trustees may lease community college property to a private entity on condition that the entity construct a facility on the leased property for the use of the private entity and the community college. State bond funds may only be used to finance that part of the facility to be used by the college. The provisions of G.S. 143-341(3)a. apply to the construction of a facility under this subsection."
SECTION 2.  This act is effective when it becomes law.