GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2011

HOUSE BILL 134

RATIFIED BILL

AN ACT To provide that certain north carolina community colleges may Opt Out of participation in the William D. Ford Federal Direct Loan Program.

The General Assembly of North Carolina enacts:

SECTION 1.  G.S. 115D-40.1 is amended by adding a new subsection to read:

"(e) Exception to Participation in Federal Loan Programs. - Notwithstanding subsection (d) of this section, the board of trustees of a college may adopt a resolution declining to participate in the William D. Ford Federal Direct Loan Program. The board of trustees of any college that has declined to participate in the William D. Ford Federal Direct Loan Program through the adoption of a resolution may rescind the resolution and participate in the Program but shall not have the authority to again decline participation in the Program."

SECTION 2.  This act applies only to Central Carolina Community College, Pamlico Community College, Rowan-Cabarrus Community College, South Piedmont Community College, and Vance-Granville Community College.

SECTION 3.  This act becomes effective July 1, 2011.

In the General Assembly read three times and ratified this the 18^th day of June, 2011.

                                                                        _____________________________________

                                                                         Philip E. Berger

                                                                         President Pro Tempore of the Senate

                                                                        _____________________________________

                                                                         Thom Tillis

                                                                         Speaker of the House of Representatives