H.B. 364
GENERAL ASSEMBLY OF NORTH CAROLINA
Mar 14, 2023
SESSION 2023 HOUSE PRINCIPAL CLERK
H D
HOUSE BILL DRH40196-MQx-64
Short Title: 2023 UNC Self-Liquidating Capital Projects. (Public)
Sponsors: Representative Hastings.
Referred to:
1 A BILL TO BE ENTITLED
2 AN ACT TO AUTHORIZE THE FINANCING, WITHOUT APPROPRIATIONS FROM THE
3 GENERAL FUND OR THE STATE CAPITAL AND INFRASTRUCTURE FUND, OF
4 CERTAIN CAPITAL IMPROVEMENT PROJECTS OF THE CONSTITUENT
5 INSTITUTIONS OF THE UNIVERSITY OF NORTH CAROLINA.
6 The General Assembly of North Carolina enacts:
7 SECTION 1. The purpose of this act is to authorize the financing of the capital
8 improvement projects listed in this act for the respective institutions of The University of North
9 Carolina with funds available to the institutions from gifts, grants, receipts, self-liquidating
10 indebtedness, Medicare reimbursements for education costs, hospital receipts from patient care,
11 or other funds, or any combination of these funds, but not including funds received for tuition or
12 appropriated from the General Fund or State Capital and Infrastructure Fund of the State unless
13 previously authorized by General Statute.
14 SECTION 2. The capital improvement projects, and their respective costs,
15 authorized by this act to be financed as provided in Section 1 of this act, including by revenue
16 bonds, by special obligation bonds as authorized in Section 4 of this act, or by both, are as
17 follows:
18 Appalachian State University
19 App 105 Phase 3 – Women's Softball & Indoor Tennis $10,000,000
20
21 North Carolina State University
22 University Towers – Acquisition & Renovation $52,000,000
23
24 University of North Carolina at Chapel Hill
25 Avery Residence Hall Renovation $30,000,000
26 Bingham Hall Comprehensive Renovation $9,000,000
27 Business School/McColl Addition $15,000,000
28 Chilled Water Infrastructure Expansion – Phase 1 $15,000,000
29 Nursing School/Carrington Hall Redevelopment $10,000,000
30
31 University of North Carolina at Pembroke
32 Campus Recreation/Baseball & Softball Outdoor Complex $3,420,000
33
34 Western Carolina University
35 Athletic Facility Improvements $30,000,000
*DRH40196-MQx-64*
 General Assembly Of North Carolina Session 2023
1 SECTION 3. At the request of the Board of Governors of The University of North
2 Carolina and upon determining that it is in the best interest of the State to do so, the Director of
3 the Budget may authorize an increase or decrease in the cost of, or a change in the method of,
4 funding the projects listed in this act. In determining whether to authorize a change in cost or
5 funding, the Director of the Budget may consult with the Joint Legislative Commission on
6 Governmental Operations.
7 SECTION 4. Pursuant to G.S. 116D-26, the Board of Governors may issue, subject
8 to the approval of the Director of the Budget, at one time or from time to time, special obligation
9 bonds of the Board of Governors for the purpose of paying all or any part of the cost of acquiring,
10 constructing, or providing for the projects listed in Section 2 of this act. The maximum principal
11 amount of bonds to be issued shall not exceed the specified amounts in Section 2 of this act plus
12 five percent (5%) of such amount to pay issuance expenses, fund reserve funds, pay capitalized
13 interest, and pay other related additional costs plus any increase in the specific project costs
14 authorized by the Director of the Budget pursuant to Section 3 of this act.
15 SECTION 5. This act is effective when it becomes law.
Page 2 DRH40196-MQx-64


Statutes affected:
Edition 2: 116-13
Ratified: 116-13
SL 2023-66: 116-13