The University of North Carolina GENERAL ADMINISTRATION POST OFFICE BOX 2688, CHAPEL HILL, NC 27515-2688 ROBERT O. NELSON, Vice President for Finance Telephone: (919) 962-4598 • Fax: (919) 962-0008 • E-mail:
[email protected] Appalachian State November 26, 2007 University East Carolina Members of the Joint Legislative Commission on Governmental Operations University Senator Marc Basnight, Co-Chair Elizabeth City President Pro Tempore State University Representative Joe Hackney, Co-Chair Fayetteville State Speaker of the House of Representatives University North Carolina Fiscal Research Division Agricultural and Lynn Muchmore, Director Technical State Richard Bostic University Jim Klingler North Carolina Central University Subject: Allocations for Repairs and Renovations North Carolina School of In the 2007 Session (S.L. 2007-323), the General Assembly appropriated $145,000,000 the Arts for the Statewide Reserve for Repairs and Renovations Account, allocated 46% (or North Carolina $66,700,000) of this Reserve to the Board of Governors of The University of North State University Carolina and directed that the subsequent allocations by the Board of Governors be at Raleigh reviewed by the Joint Legislative Commission on Governmental Operations and the University of Fiscal Research Division of the Legislative Services Office. The purpose of this report is North Carolina at Asheville to facilitate that review. University of At its August 15, 2007 meeting, the Board of Governors allocated its funding in North Carolina at Chapel Hill