§ 143C-8-5. Six-year capital improvements plan.
§ 143C‑8‑5. Six‑yearcapital improvements plan.
(a) General. TheState capital improvement plan shall address the long‑term capitalimprovement needs of all State government agencies and shall incorporate allcapital projects, however financed, proposed to meet those needs, except thattransportation infrastructure projects shall be excluded. On or before December31 of each even‑numbered year, the Director of the Budget shall prepareand transmit to the General Assembly a six‑year capital improvement plan.When preparing the plan, the Director of the Budget shall consider the capitalimprovement needs estimates submitted by State agencies as required in G.S.143C‑8‑4. The plan shall be prepared in two parts.
(b) Repair andRenovations Requirements. The first part of the capital improvement planshall set forth repair and renovations requirements that, in the judgment ofthe Director of the Budget, should be met within each year of the six‑yearplanning period to protect and preserve existing capital improvementfacilities. The plan shall identify individual projects in priority order byState agency and shall specify the means of financing.
(c) Real PropertyAcquisition, New Construction, or Facility Rehabilitations. The second partof the capital improvement plan shall set forth an integrated schedule for realproperty acquisition, new construction, or rehabilitation of existingfacilities that, in the judgment of the Director of the Budget, should beinitiated within each year of the six‑year planning period. The planshall contain for each project (i) estimates of real property acquisition, andconstruction or rehabilitation costs (ii) a means of financing the project, and(iii) an estimated schedule for the completion of the project. Where the means offinancing would involve direct or indirect debt service obligations, a scheduleof those obligations shall be presented. (1997‑443, s. 34.9; 2006‑203, s. 3.)