2024 UNC Self-Liquidating Capital Projects.

This bill authorizes the University of North Carolina system to finance specific capital improvement projects using non-state funds, such as gifts, grants, and hospital receipts, rather than taxpayer money from the General Fund. The legislation allows the universities to issue revenue bonds or special obligation bonds to cover the costs of renovations at East Carolina University, dormitory upgrades at Fayetteville State University, and new infrastructure and research buildings at UNC Chapel Hill and UNC Wilmington. A key provision permits the Director of the Budget to adjust project costs or funding methods if deemed necessary in the state's best interest. Ultimately, the bill enables these institutions to proceed with construction and renovation plans without requiring additional appropriations from the state legislature.