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  • Summary date: May 27 2020 - View Summary

    Transfers $62.5 million in nonrecurring funds from the General Fund to the State Capital and Infrastructure Fund for the 2020-21 fiscal year, and appropriates the transferred funds to the Office of State Budget and Management for the 2020-21 fiscal year. Provides for newly assigned budget codes and requires allocation of the appropriated funds for the following projects: DHHS/Dix Campus Relocation ($17 million); Western Carolina University-Stem Plant Project ($16.5 million); East Carolina University-Brody School of Medicine ($15 million); and NC State University-S.T.E.M. Building ($14 million). Also sets out the total project authorization for each of those projects. Requires NC State to commit to match the $80 million in total project authorization on or before June 30, 2022. Conditions allocations, including future allocations, to the ECU project upon the existence of and compliance with an affiliation agreement between UNC or ECU and the primary affiliated teaching hospital for the ECU Brody School that requires at least 45% of the members of the Board of Trustees of the primary affiliated teaching hospital to be appointed by the UNC Board of Governors. Permits allocated funds to be used for planning purposes of the specific project.

    Reenacts and incorporates by reference the State Budget Act, GS Chapter 143C.

    Provides for the validity of 2019 legislation appropriating funds to an entity covered by the act unless expressly repealed or amended.

    Effective July 1, 2020.