116-31.12. Acquisition and disposition of real property by lease.
Notwithstanding G.S. 143-341(4), and in addition to the powers granted in G.S. 116-198.34(5), the Board of Governors may authorize the constituent institutions and The University of North Carolina System Office to acquire or dispose of real property by lease if the lease is for a term of not more than 10 years. The Board of Governors shall establish a policy for acquiring and disposing of an interest in real property for the use of The University of North Carolina and its constituent institutions by lease. This policy may delegate authorization of the acquisition or disposition of real property by lease to the boards of trustees of the constituent institutions or to the President of The University of North Carolina. The Board of Governors shall submit all initial policies adopted pursuant to this section to the State Property Office for review prior to adoption by the Board. Any subsequent changes to these policies adopted by the Board of Governors shall be submitted to the State Property Office for review. Any comments by the State Property Office shall be submitted to the President of The University of North Carolina. After the acquisition or disposition of an interest in real property by lease, The University of North Carolina shall promptly file a report concerning the acquisition or disposition to the Secretary of Administration. Acquisitions and dispositions of an interest in real property by lease pursuant to this section shall not be subject to the provisions of Article 36 of Chapter 143 of the General Statutes or to the provisions of Article 6 or 7 of Chapter 146 of the General Statutes. (2007-322, s. 9; 2012-142, s. 9.10(a); 2013-360, s. 11.10(b); 2013-363, s. 3.12; 2014-100, s. 36.7(b); 2018-12, s. 4.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 116 - Higher Education
Article 1 - The University of North Carolina.
§ 116-3 - Incorporation and corporate powers.
§ 116-3.3 - Mediation matters.
§ 116-4 - Constituent institutions of the University of North Carolina.
§ 116-5 - Initial membership of Board of Governors.
§ 116-6 - Election and terms of members of Board of Governors.
§ 116-6.1 - Student member of the Board of Governors.
§ 116-7 - General provisions concerning members of the Board of Governors.
§ 116-8 - Chairman, vice-chairman and secretary.
§ 116-9 - Meetings of Board of Governors.
§ 116-11 - Powers and duties generally.
§ 116-11.1 - Transferred to G.S116-37 by Session Laws 1971, c1244, s6.
§ 116-11.2 - Duties regarding programs in education administration.
§ 116-11.3 - UNC admissions policy for early college graduates.
§ 116-12 - Property and obligations.
§ 116-13 - Powers of Board regarding property and services subject to general law.
§ 116-13.1 - Capital facilities; reports.
§ 116-13.2 - Report on University Fiscal Liabilities.
§ 116-14 - President and staff.
§ 116-15 - Licensing of certain nonpublic post-secondary educational institutions.
§ 116-17.1 - Dependent care assistance program.
§ 116-17.2 - Flexible Compensation Plan.
§ 116-18 - Information Center established.
§ 116-22.1 through 116-25 - Transferred to §§ 116A-3 to 116A-7 by Session Laws 1971, c1135, s2.
§ 116-26 - Transferred to § 116-43 by Session Laws 1971, c1244, s17.
§ 116-29.1 - University Cancer Research Fund[Effective July 1, 2022]
§ 116-30 - Transferred to § 116-40 by Session Laws 1971, c1244, s9.
§ 116-30.1 - Special responsibility constituent institutions.
§ 116-30.2 - Appropriations to special responsibility constituent institutions.
§ 116-30.3A - Availability of excess receipts.
§ 116-30.3B - Energy conservation savings.
§ 116-30.4 - Position management.
§ 116-30.5 - Impact on education.
§ 116-30.8 - Special responsibility constituent institutionsannual audit by State Auditor.
§ 116-30.20 - Establishment of private, nonprofit corporations.
§ 116-31 - Membership of the boards of trustees.
§ 116-31.10 - Powers of Board regarding certain purchasing contracts.
§ 116-31.12 - Acquisition and disposition of real property by lease.
§ 116-32 - Officers and meetings of the boards of trustees.
§ 116-33 - Powers and duties of the boards of trustees.
§ 116-33.1 - Board of trustees to permit recruiter access.
§ 116-33.2 - Cooperative Extension Service employees.
§ 116-34 - Duties of chancellor of institution.
§ 116-35 - Electric power plants, campus school, etc.
§ 116-36.1 - Regulation of institutional trust funds.
§ 116-36.2 - Regulation of special funds of individual institutions.
§ 116-36.4 - Vending facilities.
§ 116-36.6 - East Carolina University School of Medicine; Medicare receipts.
§ 116-36.7 - Wake Forest Institute for Regenerative Medicine; profit sharing with State.
§ 116-37 - University of North Carolina Health Care System.
§ 116-37.1 - Center for public media.
§ 116-37.2 - Regulation of University of North Carolina Hospitals at Chapel Hill Funds.
§ 116-38 - Child development research and demonstration center.
§ 116-39 - Agricultural research stations.
§ 116-40 - Board to accept gifts and congressional donations.
§ 116-40.5 - Campus law enforcement agencies.
§ 116-40.6 - Certain Personnel of East Carolina University.
§ 116-40.7 - Internal auditors.
§ 116-40.11 - Disciplinary proceedings; right to counsel for students and organizations.
§ 116-40.12 - Student organizations; rights and recognition.
§ 116-40.13 - Authorization to secure liability insurance for alcohol sales.
§ 116-40.20 - Legislative findings.
§ 116-40.21 - Board of governors may authorize management flexibility.
§ 116-40.22 - Management flexibility.
§ 116-40.23 - Reporting requirement; effective date of reported policies, procedures, and rules.
§ 116-41.2 - Powers of Board of Governors generally.
§ 116-41.3 - University authorized to pay service charges; payments deemed revenues.
§ 116-41.6 - Pledge of revenues; lien.
§ 116-41.7 - Proceeds of bonds, revenues, etc., deemed trust funds.
§ 116-41.8 - Rights and remedies of bondholders.
§ 116-41.9 - Refunding revenue bonds.
§ 116-41.10 - Exemption from taxation.
§ 116-41.11 - Executive committee may be authorized to exercise powers and functions of Board.
§ 116-41.13 - Distinguished Professors Endowment Trust Fund; purpose.
§ 116-41.13A - Distinguished Professors Endowment Trust Fund; definitions.
§ 116-41.14 - Distinguished Professors Endowment Trust Fund; establishment; maintenance.
§ 116-41.15 - Distinguished Professors Endowment Trust Fund; allocation; administration.
§ 116-41.16 - Distinguished Professors Endowment Trust Fund; contribution commitments.
§ 116-41.17 - Distinguished Professors Endowment Trust Fund; establishment of chairs.
§ 116-41.18 - Distinguished Professors Endowment Trust Fund; selection of Distinguished Professors.
§ 116-41.19 - Distinguished Professors Endowment Trust Fund; promulgation of rules.
§ 116-41.30 - Establishment of Future Teachers of North Carolina.
§ 116-41.31 - Oversight of Future Teachers of North Carolina.
§ 116-43 - Escheat receipts prior to July 1, 1971.
§ 116-43.1 - Institute for Transportation Research and Education.
§ 116-43.10 - Academic Common Market program.
§ 116-43.16 - Small business counseling information.
§ 116-43.17 - Confidentiality of research data, records, and information of a proprietary nature.
§ 116-43.20 - Operation of 4-H camps.
§ 116-43.30 - Advanced Placement courses for secondary school students.
§ 116-44.1 - Transferred to § 116-42 by Session Laws 1971, c1244, s11.
§ 116-44.2 - Transferred to § 116-38 by Session Laws 1971, c1244, s7.
§ 116-44.4 - Regulation of traffic and parking and registration of motor vehicles.