Authorizes financing for specific capital improvement projects at University of North Carolina institutions without using General Fund or State.
The bill authorizes the financing of certain capital improvement projects at University of North Carolina institutions, including upgrades to the electrical distribution system and substations at UNC Chapel Hill, an addition to Fetzer Hall and campus recreation, a parking deck at UNC Wilmington, and student housing at UNC Wilmington. The financing is to be done through revenue bonds, special obligation bonds, or both, without using funds from the General Fund or State Capital and Infrastructure Fund. The Director of the Budget can authorize changes in project costs or funding methods.
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