The UNC Policy Manual
600.1.6
Adopted 04/07/22
Policy on
Millennial Campuses
I.
Authority. Pursuant to its authority under the Centennial Campus,
the Horace Williams Campus, and the Millennial Campus Financing Act (the “Act”)[1]
the Board of Governors (“Board”) adopts the following policy regarding the
designation and use of the Centennial Campus located at North Carolina State
University, the Horace Williams Campus located at the University of North
Carolina at Chapel Hill, and any Millennial Campus as defined by G.S.
116-198.33(4b)[2] (collectively
herein, a “Millennial Campus”).
II.
Approval of Millennial Campus Designation. G.S. 116-198.34(8a),
(8b) provides the Board authority to designate the real property and
appurtenant facilities to be included as part of a Millennial Campus.
Millennial Campus Designation requests may be approved by the Board of
Governors where a constituent institution has:
A.
Demonstrated, in a manner to be prescribed by the president or the
president’s designee, it has the administrative and fiscal capability to create
and maintain such identified property or appurtenant facilities;
B.
Demonstrated, in a manner to be prescribed by the president or his
designee, the identified property or appurtenant facilities’ designation will
enhance the institution’s research, teaching, and service missions as well as
enhance the economic development of the region served by the institution; and
C.
Submitted to the president or his designee, all request
application information (such information may include, but not be limited to,
maps, strategic planning documents, etc.) in a manner prescribed by the
president.
Receiving a Millennial
Campus designation for real property and appurtenant facilities does not
relieve a constituent institution of its obligation to receive Board approval
for any further action related to the use of such real property, including bond
issuance, acquisition or disposition of real property, leases, capital
projects, Millennial Campus Projects (as defined in Section V herein), or other
actions. Any expansion or change in designated Millennial Campus property must
also be approved by the Board. The Board reserves the right to revoke any
Millennial Campus designations, in whole or in part, at its sole discretion.
III.
Approval of Issuing Bonds. G.S. 116-198.34(2) and G.S. 116-198.35
provides the Board authority to issue revenue bonds to pay all or any part of
the cost of any Project or Projects, and to fund or refund any project or
projects with a term not to exceed 40 years. Constituent institution requests
for the Board approval of issuing bonds or other debt to pay for any Project or
to fund the acquisition of real property shall be submitted to the president or
his designee in a manner prescribed by the president.
IV.
Approval of Acquisitions and Dispositions of Real Property on
Millennial Campus. G.S. 116-198.34(5), (8b) provides the Board authority to
acquire, hold, lease, and dispose of real and personal property in the exercise
of its power and the performance of its duties under the Act. Constituent
institution requests for approval of acquisitions and dispositions of real
property by easement, lease, or rental agreement on a Millennial Campus shall
comply with the policy and procedures set forth in Sections 600.1.3 and
600.1.3[R] of the UNC Policy Manual. Notwithstanding the foregoing,
acquisitions of real property on a Millennial Campus for a period of 10 years
or less and dispositions of real property by easement, lease, or rental
agreement on a Millennial Campus for a period of 99 years of less shall not
require the approval of the governor and the North Carolina Council of
State. However, the Board shall report
the acquisitions or dispositions provided herein to the Department of
Administration for inclusion in the inventory maintained by the Department
pursuant to G.S. 143-341(4)a. and b.
V. Approval of Millennial Campus
Projects. G.S. 116-198.34(1) provides the Board authority to determine the
location and character of any project or projects on a Millennial Campus.
Approval authority of projects or real property transactions undertaken by a
constituent institution on a Millennial Campus shall be consistent with the
approval authority defined in section VIII of this policy. The word
"Project" shall mean and shall include any one or more buildings,
structures, administration buildings, libraries, research or instructional
facilities, housing maintenance, storage, or utility facilities, and any
facilities related thereto or required or useful for conducting of research or
the operation of the a Millennial Campus, including roads, water, sewer, power,
gas, greenways, parking, or any other support facilities essential or
convenient for the orderly conduct of a Millennial Campus.
Projects
undertaken by a constituent institution exceeding the authority delegated to a
constitution institution as provided in section VIII of this ppolicy must be approved by the Board prior to publicly fundraising,
financing, soliciting, executing a memorandum of understanding, or otherwise
announcing any Project activity on a Millennial Campus property.
VI. Approval of Public Private
Partnerships (P3). Public Private Partnerships (P3s) shall be defined as capital
improvement projects undertaken for the benefit of a governmental entity and a
private developer pursuant to a development contract that includes construction
of a public facility or other improvements, including paving, grading,
utilities, infrastructure, reconstruction, or repair, and may include both
public and private facilities, and where there is a financial obligation or
material occupancy guarantee to a private partner by a constituent institution.
All Public Private Partnership agreements that exceed a constituent institution’s
delegated authority must be approved by the Board. Requests for Board approval
of any P3 shall be submitted to the president or the president’s designee in a
manner prescribed by the president. Any material modifications or amendments to
a P3 agreement, including its financing or maintenance and operating
agreements, must be approved by the Board.
VII. Annual Millennial Campus Reporting.
Each constituent institution who has received any Board approval(s) pursuant to
this policy shall annually submit a comprehensive report on its Millennial
Campus activities to the Board through its Committee on Budget and Finance. The
format of the report shall be determined by the president or the president’s
designee and shall include at least the following:
A.
A map indicating the location and acreage of all designated
Millennial Campus property;
B.
A summary of any existing debt issuance on a Millennial Campus
property;
C.
A summary of all real property transactions on a Millennial Campus
since the last reporting period;
D.
A list of all buildings located on a Millennial Campus including
their square footage, date of construction, and use;
E.
A status update of all current and completed Projects since the
last reporting period;
F.
A status update of any P3 agreements; and
G.
A current financial statement of the constituent institution’s
Millennial Campus trust fund.
VIII. Delegated Authority. Notwithstanding any
other provision of this policy, the delegated authority provided to constituent
institutions under Sections 600.1.1, 600.1.1.1[G], 600.1.3, and 600.1.3[R] of
the UNC Policy Manual shall apply to acquisitions and dispositions of
real property on a Millennial Campus and other Millennial Campus Projects (as
defined in section V of this policy).
IX. Other Matters
A. Effective Date. The requirements of
this policy shall be effective on the date of adoption by the Board of
Governors.
B. Relation to State and Federal Laws;
Contracts. The foregoing policy as adopted by the Board of Governors is meant
to supplement, and does not purport to supplant or modify, those statutory
enactments which may govern the activities of the University of North Carolina
System and its public officials and employees. The foregoing policy shall only
apply to approvals following the effective date of the policy and does not
purport to modify, terminate, or cancel any existing University or constituent
institution contractual obligations.
C. Regulations and Guidelines. This policy shall be
implemented and applied in accordance with such procedures, regulations, and
guidelines as may be adopted from time to time by the president or the
president’s designee.