Authorizes Henderson County (County) to construct community college buildings, as defined in GS 143-336 to mean all buildings, utilities, and other property developments located at a community college as defined under GS 115D-2(2), on the campus of Blue Ridge Community College (College) located in Henderson County.  Allows Henderson County to finance the construction of the buildings in accordance with Article 8 of Chapter 159 of the General Statutes (Financing agreements and other financing arrangements of local governments) and GS 160A-20 (Use of security interests by local governments in financing agreement or other financing agreements).  Provides that the County does not have to comply with GS 115D-9 (Powers of State Board regarding certain fee negotiations, contracts and capital improvements) or Part 1 of Article 36 of Chapter 143 of the General Statutes (General provisions of the Department of Administration) in constructing the buildings.  Requires the County to comply with the provisions of Article 3D of Chapter 143 of the General Statutes (Procurement of Architectural, Engineering and Surveying Services) and Article 8 of Chapter 143 of the General Statutes (Public contracts).  Provides that the College does not have to comply with GS 115D-15.1 (Disposition, acquisition, and construction of property by community college) when conveying property owned by the College which will be the site of the construction and be pledged as collateral under GS 160A-20 (Use of security interests by local governments in financing agreements or other financing agreements).  

Requires the County to consult the Board of Trustees of the College (Board) about programming requirements for the buildings and requires Henderson County to keep the Board informed on the construction process and progress.  Directs the County to lease the buildings to the College under the terms and conditions agreed to by both the County and the College upon completion of construction.  

Requires the Board to transfer title to the described property to Henderson County for life of the debt incurred by the County for the construction of the community college buildings.  Requires the County to transfer title to the property back to the Board upon satisfaction of the debt.

Applies only to construction projects and renovations funded entirely with County funds and coordinated by the County for College uses and purposes between January 1, 2014, and December 31, 2020.

Allows the County and the Board to enter into a memorandum of understanding to allow for the construction of the community college buildings by the County on the campus of the College if deemed appropriate by the County and the College and if the terms of the memorandum will allow for the construction to be completed in a timely fashion and cost-efficient manner.  

Allows for the County and the Board to enter into a memorandum of understanding for the lease of space in County-owned buildings to the College, if the buildings are located within the County and if the lease is deemed appropriate by the County and College.