Bill Summary for H 1045 (2021-2022)
Jun 15 2022
|View NCGA Bill Details||2021|
AN ACT TO AUTHORIZE MAYLAND COMMUNITY COLLEGE TO CONVEY BY GIFT THE BLUE RIDGE BOUTIQUE HOTEL PROPERTY TO THE MAYLAND COMMUNITY COLLEGE ENTERPRISE CORPORATION.Intro. by Greene.
|View: All Summaries for Bill||Tracking:|
House committee substitute to the 1st edition makes the following changes. Amends the authority for Mayland Community College to convey some or all of its rights, title, and interest in the Blue Ridge Boutique Hotel property to the Mayland Community College Enterprise Corporation by adding that the terms of the conveyance are to be as Mayland Community College deems wise and requires that the property be used for educational purposes. Specifies that the deed conveying the property must include a restriction that provides that the property reverts to Mayland Community College if the property ceases to be used for educational purposes.