GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2011

S                                                                                                                                                    3

SENATE BILL 805

Education/Higher Education Committee Substitute Adopted 5/30/12

House Committee Substitute Favorable 6/12/12

Short Title:        Isothermal Comm College Fed Loan Program.	(Local)
Sponsors:
Referred to:

May 17, 2012

A BILL TO BE ENTITLED

AN ACT TO PROVIDE THAT coastal carolina Community College and ISOTHERMAL COMMUNITY COLLEGE MAY OPT OUT OF PARTICIPATION IN THE WILLIAM D. FORD FEDERAL DIRECT LOAN PROGRAM.

The General Assembly of North Carolina enacts:

SECTION 1.  G.S. 115D-40.1(e) reads as rewritten:

"(e)       Exception to Participation in Federal Loan Programs. - Notwithstanding subsection (d) of this section, the board of trustees of a college may adopt a resolution declining to participate in the William D. Ford Federal Direct Loan Program. The board of trustees of any college that has declined to participate in the William D. Ford Federal Direct Loan Program through the adoption of a resolution may rescind the resolution and participate in the Program but shall not have the authority to again decline participation in the Program.

This subsection applies only to Alamance Community College, Beaufort County Community College, Brunswick Community College, Caldwell Community College and Technical Institute, Central Carolina Community College, Central Piedmont Community College, Cleveland Community College, Coastal Carolina Community College, Gaston College, Isothermal Community College, James Sprunt Community College, Lenoir Community College, Martin Community College, Mitchell Community College, Montgomery Community College, Pamlico Community College, Randolph Community College, Richmond Community College, Robeson Community College, Rockingham Community College, Rowan-Cabarrus Community College, Sandhills Community College, andStanly Community College, Surry Community College, andSampson Community College, South Piedmont Community College, andVance-Granville Community College, and Wilkes Community College."

SECTION 2.  This act is effective when it becomes law.