Bill Summary for H 501 (2013-2014)
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| View NCGA Bill Details | 2013-2014 Session |
A BILL TO BE ENTITLED AN ACT PROVIDING THAT BUNCOMBE COUNTY IS AUTHORIZED TO CONSTRUCT COMMUNITY COLLEGE BUILDINGS ON THE CAMPUSES OF ASHEVILLE-BUNCOMBE TECHNICAL COMMUNITY COLLEGE WITHIN THE COUNTY.Intro. by Ramsey, Moffitt.
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Bill summary
Authorizes Buncombe County (County) to construct community college buildings on the campuses of Asheville-Buncombe Technical Community College, by way of issuing limited obligation bonds. The bonds are to be paid for by the revenue from an earlier approved bond referendum in November 2011. Buncombe County will consult with the Board of Trustees (Board) of the College about programming requirements for the buildings as well as keep the Board informed on the construction process and progress.
To allow for the issuance of limited obligation bonds, the Board will transfer title to specified properties to the County. Upon satisfaction of the debt, title to the properties will be transferred back to the Board.
Voids the memorandum of understanding (MOU) between the County and the Board executed on March 20, 2012. Also voids any other provision or interlocal agreement between the County and Board not consistent with the provisions of this act.