Bill > H419

This bill appropriates $4.5 million in nonrecurring funds from the General Fund to the University of North Carolina Board of Trustees for the purpose of purchasing a specific piece of real estate located at 411 W. 4th Street in Winston-Salem, which is adjacent to the Stevens Center. The bill specifically notes that this appropriation is being made despite existing statutes (G.S. 143C-5-2 and Article 6 of Chapter 146) that might typically govern such expenditures, indicating a special legislative allocation. The funds are designated for the 2025-2026 fiscal year, and the act will become effective on July 1, 2025. By providing this specific funding, the bill aims to enable the University of North Carolina School of the Arts to expand its physical infrastructure by acquiring the neighboring property, which could potentially support the school's educational facilities or future development plans.

Budget and Finance

https://www.ncleg.gov/BillLookUp/2025/H419