Details of proposed $2B bond package for North Carolina - WMBFNews.com, Myrtle Beach/Florence SC, Weather

Details of proposed $2B bond package for North Carolina

Source: Raycom Media Source: Raycom Media

RALEIGH, N.C. (AP) - A glance at the distribution of the proceeds of the proposed $2 billion "Connect NC" bond package signed into law Wednesday by Gov. Pat McCrory. A majority of voters casting ballots March 15 must approve the borrowing for the bonds to be issued. McCrory's office said the projects would cover 77 of North Carolina's 100 counties:

  • $980 million for the University of North Carolina system, with $935 million for 14 specific campus construction projects, many targeting the science, engineering and math fields. The remainder would go to unspecified repairs and renovations.
  • $350 million earmarked for all 58 community colleges. New construction would require local matching funds.
  • $309.5 million for water and wastewater system projects, with $100 million of the amount earmarked for grants and the rest for loans.
  • $94 million for a new Department of Agriculture lab.
  • $85 million for a plant sciences building shared between the Department of Agriculture and N.C. State University.
  • $75 million for more than 40 state parks.
  • $70 million for National Guard construction.
  • $25 million to replace the Africa Pavilion for the North Carolina Zoo in Asheboro.
  • $8.5 million for the new Samarcand Training Academy for correctional and probation and parole officers.
  • $3 million in grants for local parks for children and veterans with disabilities.

Source: House Bill 943; General Assembly staff; Gov. Pat McCrory's office.

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