AN ACT TO APPROPRIATE FUNDS FOR THE UNIVERSITY OF NORTH CAROLINA BUILDING RESERVE FOR CERTAIN BUILDING PROJECTS. SL 2020-76. Enacted July 1, 2020. Effective July 1, 2020.
Summary date: Jul 2 2020 - More information
Summary date: Jun 11 2020 - More information
Senate committee substitute deletes the content of the 1st edition and now provides the following.
Directs the Department of Administration to transfer $8.5 million in nonrecurring funds for 2020-21 from the cash balance of the E-Commerce Reserve, and the Department of Revenue to transfer $3,991,578 in nonrecurring funds for 2020-21 from the cash balance of Revenue: Project Collect Tax, to the UNC Board of Governors (BOG) by August 15, 2020. Appropriates the transferred funds to the BOG for the Building Reserve. Additionally, appropriates $118,289 in nonrecurring funds from the General Fund to the BOG for 2020-21 for the Building Reserve. Requires allocation of the appropriated funds in specified amounts to specified building projects at seven institutions: NC State University, UNC at Asheville, UNC at Greensboro, UNC at Pembroke, UNC at Wilmington, UNC School of the Arts, and Winston-Salem State University. Note, the 1st edition of the act included allocations for projects at East Carolina University, the NC School of Science and Math, and Western Carolina University.
Reenacts and incorporates by reference the State Budget Act, GS Chapter 143C.
Provides for the continued validity of 2019 legislation appropriating funds to entities covered by the act, unless expressly repealed or amended.
Effective July 1, 2020.
Summary date: May 19 2020 - More information
Appropriates from the General Fund to the UNC Board of Governors an amount sufficient in recurring and nonrecurring funds for 2020-21 for the Building Reserve to be used for the operation and maintenance of specified building projects at East Carolina University, NC School of Science and Mathematics, NC State University, UNC-Asheville, UNC-Charlotte, UNC-Greensboro, UNC-Wilmington, UNC School of the Arts, Western Carolina University and Winston-Salem State University.
Reenacts the provisions of the State Budget Act, GS Chapter 143C, and incorporates them into this act by reference.
Provides that except where expressly repealed or amended by this act, the provisions of any other legislation enacted during the 2019 Regular Session expressly appropriating funds to an agency, a department, or an institution covered under this act, remain in effect.
Effective July 1, 2020.
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