House committee substitute to the 2nd edition deletes all provisions of that edition and replaces it with an act that authorizes Stanly Community College to enter into agreements with Stanly County to jointly erect buildings on property owned by Stanly Community College.

Provides that regardless of the provisions of subsections (b) and (d) of GS 115D-15.1, which provides for the disposition, acquisition, and construction of property by a community college, Stanly Community College (SCC) is permitted to contract with Stanly County to jointly erect buildings on property owned by SCC without the approval of the State Board of Community Colleges. Requires that the agreement between SCC and Stanly County must (1) require SCC to transfer property to Stanly County to use for building facilities to be used for the operation of the college, (2) require the county to lease the facilities to SCC, and (3) require Stanly County to transfer title to the property and improvements back to SCCwhen the lease expires.

Provides that GS 143-129 (public contracts) and GS 143-341 (state construction) do not apply to transfers of property or capital improvements to property transferred under this section.

Declares this act is effective when it becomes law and provides that it applies to contracts awarded on or before June 30, 2019.

Rewrites the short and long title to reflect the new bill content.