A BILL TO BE ENTITLED
AN ACT to authorize the college of the albemarle to enter into a lease agreement with the ymca.
The General Assembly of North Carolina enacts:
SECTION 1.  Notwithstanding the provisions of G.S. 115D‑15 or any other provision of law, the Board of Trustees of the College of the Albemarle may:
(1)	Lease, with or without monetary compensation, approximately four and one‑half acres of vacant land that is located north of the Elizabeth City Campus to the Young Men's Christian Association of South Hampton Roads, Inc.
(2)	Provide in that lease, on terms the Board of Trustees deems appropriate, that the Young Men's Christian Association of South Hampton Roads, Inc., will construct a facility on that property. The college and the Young Men's Christian Association of South Hampton Roads, Inc; shall jointly own that facility.
The facility shall contain a YMCA that is maintained and operated by the Young Men's Christian Association of South Hampton Roads, Inc., and a college health sciences center consisting of college classrooms, office space, and labs that is maintained and operated by the College of the Albemarle.
The provisions of G.S. 143‑341(3)a. and Section 2 of S.L. 2001‑66 apply to the construction of the facility.
SECTION 2.  This act is effective when it becomes law and expires January 1, 2006.