GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2007

SESSION LAW 2008-84

SENATE BILL 1825

AN ACT to require the higher education bond oversight committee to report annually and to meet biannually.

The General Assembly of North Carolina enacts:

SECTION 1.  Section 4(d) of S.L. 2000-3 reads as rewritten:

"Section 4.(d) Reports.  The Committee shall report semiannually annually to the Board of Governors of The University of North Carolina, the State Board of Community Colleges, and the Joint Legislative Commission on Governmental Operations."

SECTION 2.  Section 4(e) of S.L. 2000-3 reads as rewritten:

"Section 4.(e) Organization. The President Pro Tempore of the Senate and the Speaker of the House of Representatives shall each designate a cochair of the Committee. The Committee shall meet at least once a quarter twice a year upon the joint call of the cochairs.  A quorum of the Committee is six members. No action may be taken except by a majority vote at a meeting at which a quorum is present."

SECTION 3.  This act is effective when it becomes law.

In the General Assembly read three times and ratified this the 2^nd day of July, 2008.

                                                                    s/ Beverly E. Perdue

                                                                         President of the Senate

                                                                    s/ Joe Hackney

                                                                         Speaker of the House of Representatives

                                                                    s/ Michael F. Easley

                                                                         Governor

Approved 12:15 p.m. this 11^th day of July, 2008