House committee substitute makes the following changes to 1st edition.
Makes modifications to the membership of the NC Zoological Society (Society) board and caps membership at 25 members. Requires the Society to spend $4 million from Society funds each year to cover the operation and capital improvements at the Zoo. Sets out budget-related reporting requirements for the Society. Requires prior approval by the State Treasurer of the management agreement between the Department of Environment and Natural Resources (DENR) and the Society and any other agreements with third parties on issues related to tax-exempt status. Specifies issues to be included in the management agreement. Permits the Department of Administration to authorize construction and maintenance projects on state land at the zoo and requires that Department and DENR approve a master plan before the Society begins any project (previously specified when the State retained oversight for projects). Authorizes the Department of Administration and the Society to enter into the building maintenance and construction agreement at any time before January 1, 2013. Renames Article 14 in GS Chapter 143 as North Carolina Zoological Park. Makes a conforming change to repeal GS 143-177.1 (Zoo Park Fund). Makes other conforming and clarifying changes.