AN ACT TO FUND CERTAIN CAPITAL IMPROVEMENTS AT WESTERN CAROLINA UNIVERSITY.
Senate committee substitute makes the following changes to the 1st edition.
Eliminates the appropriations provisions and replaces them with the following.
Directs the State Controller to transfer to Western Carolina University (WCU), by August 15, 2020, $11,585,462 in nonrecurring funds from the cash balance in the Repairs and Renovations Reserve, and $4,914,538 in nonrecurring funds from the cash balance in the Federal Insurance Contributions Act Fund, for the 2020-21 fiscal year. Expressly appropriates and restricts use of the transferred funds to the steam plan project at WCU.
Maintains the act's effective date of July 1, 2020.