Bill Text: NC S1411 | 2010 | Regular Session | Amended

---

Bill Title: Amend 2008 UNCG COPS Authorization

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2010-05-26 - Ref To Com On Finance [S1411 Detail]

Download: North_Carolina-2010-S1411-Amended.html

---

GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2009

S                                                                                                                                                     1

SENATE BILL 1411

 

 

Short Title:        Amend 2008 UNCG COPS Authorization.		(Public)
Sponsors:	Senator Vaughan.
Referred to:	Finance.

May 26, 2010

A BILL TO BE ENTITLED

AN ACT to amend the authorization to issue special indebtedness to finance the capital facility costs of completing an academic classroom and office building at the UNIVERSITY of north carolina at greensboro.

The General Assembly of North Carolina enacts:

SECTION 1.  Subdivision (13) of Section 27.8(a) of S.L. 2008‑107 reads as rewritten:

"(13)    In the maximum aggregate principal amount of forty‑two million six hundred seventy thousand dollars ($42,670,000) to finance the capital facility costs of completing an academic classroom and office building at the University of North Carolina at Greensboro. Up to a total of eight million five hundred thousand dollars ($8,500,000) may be used to acquire real property for an academic building, a University Police building, and a student recreation facility and for the development and construction of a new railroad underpass to connect the current central campus to West Lee Street. No more than a maximum aggregate amount of twenty‑one million dollars ($21,000,000) of special indebtedness may be issued or incurred under this subdivision prior to July 1, 2009."

SECTION 2.  This act is effective when it becomes law.