GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2013

SESSION LAW 2013-375

SENATE BILL 485

AN ACT to eliminate a duplicative reporting requirement regarding Personal service contracts for the university of north carolina, to allow the board of governors to provide for the implementation and expansion of e‑commerce infrastructure, and to clarify the property tax status of certain improvements on university lands that are owned by certain social organizations.

The General Assembly of North Carolina enacts:

SECTION 1.  G.S. 143‑64.70 is amended by adding a new subsection to read:

"(c) This section does not apply to The University of North Carolina."

SECTION 2.  G.S. 116‑40.22 is amended by adding a new subsection to read:

"(e) Electronic Commerce. – The University is authorized to contract with service providers specializing in services offered to institutions of higher learning that offer systems or services under arrangements that provide for the receipt of funds electronically, provided the services are in compliance with the requirements of the payment industry security standards. For any funds collected and remitted to the University that are on deposit with the State Treasurer pursuant to G.S. 147-77, the funds shall be subject to the daily deposit requirements of the statute; provided that the State Treasurer may exempt the applicability of the daily deposit requirement for any standard business process resulting in a delay in the University receiving the funds from a service provider, when the exemption is based upon an acceptable business case that demonstrates an overall efficiency to the University and State. Such business case must first be endorsed by the University of North Carolina General Administration before submission to the State Treasurer for consideration."

SECTION 3.(a)  G.S. 105‑275 is amended by adding a new subdivision to read:

"§ 105‑275.  Property classified and excluded from the tax base.

The following classes of property are designated special classes under Article V, Sec. 2(2), of the North Carolina Constitution and are excluded from tax:

…

(19a) Improvements to real property that are (i) owned by social fraternities, sororities, and similar college, university, or high school organizations and (ii) located on land owned by or allocated to The University of North Carolina or one if its constituent institutions.

.…"

SECTION 3.(b)  This section is effective for taxes imposed for taxable years beginning on or after July 1, 2013.

SECTION 4.  Except as provided herein, this act is effective when it becomes law.

In the General Assembly read three times and ratified this the 18^th day of July, 2013.

                                                                    s/  Daniel J. Forest

                                                                         President of the Senate

                                                                    s/  Thom Tillis

                                                                         Speaker of the House of Representatives

                                                                    s/  Pat McCrory

                                                                         Governor

Approved 5:08 p.m. this 29^th day of July, 2013