AN ACT to require the higher education bond oversight committee to report annually and to meet biannually.

The General Assembly of North Carolina enacts:

SECTION 1.  Section 4(d) of S.L. 2000‑3 reads as rewritten:
"Section 4.(d) Reports.  The Committee shall report annually to the Board of Governors of The University of North Carolina, the State Board of Community Colleges, and the Joint Legislative Commission on Governmental Operations."
SECTION 2.  Section 4(e) of S.L. 2000‑3 reads as rewritten:
"Section 4.(e) Organization. The President Pro Tempore of the Senate and the Speaker of the House of Representatives shall each designate a cochair of the Committee. The Committee shall meet at least twice a year upon the joint call of the cochairs.  A quorum of the Committee is six members. No action may be taken except by a majority vote at a meeting at which a quorum is present."
SECTION 3.  This act is effective when it becomes law.
In the General Assembly read three times and ratified this the 2nd day of July, 2008.

	_____________________________________
		 Beverly E. Perdue
	 President of the Senate

	_____________________________________
		 Joe Hackney
	 Speaker of the House of Representatives

	_____________________________________
		 Michael F. Easley
	 Governor

Approved __________.m. this ______________ day of ___________________, 2008