S197: Capital Project Funding for NCCU. Latest Version

Companion Bill: H546 : Capital Project Funding for NCCU.
Session: 2023 - 2024

Senate
Passed 1st Reading
Rules
Committee


AN ACT to appropriate funds for certain capital improvement projects at north carolina Central University.



The General Assembly of North Carolina enacts:



SECTION 1.  Notwithstanding G.S. 143C‑5‑2, there is appropriated from the General Fund to North Carolina Central University the sum of two hundred seventy‑five million dollars ($275,000,000) in nonrecurring funds for the 2023‑2024 fiscal year to be allocated in the following amounts for the following capital improvement projects:



(1)        One hundred forty million dollars ($140,000,000) for a convocation center.



(2)        Thirty‑five million dollars ($35,000,000) for the McDougald‑McLendon Arena Expansion.



(3)        Thirty‑five million dollars ($35,000,000) for O'Kelly‑Riddick Stadium.



(4)        Fifty‑five million dollars ($55,000,000) for the Health and Human Performance Center.



(5)        Ten million dollars ($10,000,000) for land acquisition.



SECTION 2.  This act becomes effective July 1, 2023.