§ 143C-8-6. Recommendations for capital improvements set forth in the Recommended State Budget. - North Carolina Statutes

§ 143C‑8‑6. Recommendations for capital improvements set forth in the Recommended StateBudget.

(a)        Budget Director'sRecommendations. – The Director of the Budget shall recommend expenditures forrepairs and renovations of existing facilities, and real property acquisition,new construction, or rehabilitation of existing facilities in the RecommendedState Budget in accordance with G.S. 143C‑3‑5.

(b)        Repairs andRenovations in the Recommended State Budget. – The Recommended State Budgetshall contain for repairs and renovations of existing facilities: (i) theamount recommended for each State agency, (ii) a summary of the recommendationsby project type, and (iii) the means of financing.

(c)        Repairs andRenovations in the Budget Support Document. – The Budget Support Document shallcontain for each repair and renovation project recommended in accordance with143C‑8‑6(b): (i) a project description and justification, (ii) adetailed cost estimate, (iii) an estimated schedule for the completion of theproject, and (iv) an explanation of the means of financing.

(d)        Other CapitalProjects in the Recommended State Budget. – The Recommended State Budget shallcontain for each capital project involving real property acquisition, newconstruction, building area (sq. ft.) expansions, or the rehabilitation ofexisting facilities to accommodate new or expanded uses: (i) a projectdescription and statement of need, (ii) an estimate of acquisition andconstruction or rehabilitation costs, and (iii) a means of financing theproject.

(e)        Other CapitalProjects in the Budget Support Document. – The Budget Support Document shallcontain for each capital project recommended in accordance with 143C‑8‑6(c):(i) a detailed project description and justification, (ii) a detailed estimateof acquisition, planning, design, site development, construction, contingencyand other related costs, (iii) an estimated schedule of cash flow requirementsover the life of the project, (iv) an estimated schedule for the completion ofthe project, (v) an estimate of maintenance and operating costs, includingpersonnel, for the project, covering the first five years of operation, (vi) anestimate of revenues, if any, likely to be derived from the project, coveringthe first five years of operation, and (vii) an explanation of the means offinancing. (2006‑203,s. 3; 2007‑117, s. 5(b).)