§ 116-40.20. Legislative findings.
Part3A. Management Flexibility for Special Responsibility Constituent Institutions.
§ 116‑40.20. Legislative findings.
(a) The General Assembly finds that The University of NorthCarolina and its constituent institutions is one of the State's most valuableassets. The General Assembly further finds that to provide the best benefit toNorth Carolina, the constituent institutions of The University of NorthCarolina need special budgeting flexibility in order to maximize resources, toenhance competitiveness with other peer institutions regionally, nationally,and internationally, and to provide the strongest educational and economicopportunity for the citizens of North Carolina.
(b) To ensure the continued preeminence of The University ofNorth Carolina and its constituent institutions, it is the intent of theGeneral Assembly to strengthen and improve these assets. The General Assemblycommits to responsible stewardship and improvement of The University of NorthCarolina and its constituent institutions as provided by this Part. (2001‑424, s. 31.11(a).)