Policies & Procedures


Section: PUR
Part: POL
Statement No.: 25.0
Date: 07/19/04
University of North Carolina - General Administration
Administrative Policies and Procedures Manual
Title: Real Property (Land) Transaction

 

 

Under the provisions of G.S. 146-32 and subsequent delegations of authority pursuant to that statute the following categories of land transactions, whether acquisition or disposition, are to be entered into under the specified procedures:

 

  1. Any interest in land other than a lease - must be approved by the Board of Governors, the Department of Administration, the Governor, and the Council of State. The instrument is executed by the Governor.

 

  1. Any lease for $25,000 or more annual rental (irrespective of duration) - must be approved by the Board of Governors, the Department of Administration, the Governor, and the Council of State. The instrument is executed by the Governor.

 

  1. Any lease for $12,001 to $24,999 annual rental (irrespective of duration) - must be approved by the Department of Administration, the Governor and the Council of State. The instrument is executed by the Governor.

 

  1. Any lease for $5,001 to $12,000 annual rental if for more than three years duration (including renewals) - must be approved by the Department of Administration, the Governor, and the Council of State. The instrument is executed by the Governor.

 

  1. Any lease for $5,001 to $12,000 annual rental if for not more than three years duration (including renewals) - must be approved by the Department of Administration. The instrument is executed by the State Property Office.

 

  1. Any lease for not more than $5,000 annual rental if for more than three years duration (including renewals) - must be approved by the Department of Administration, the Governor, and the Council of State. The instrument is executed by the Governor.

 

  1. Any lease for more than $5,000 annual rental if for not more than three years duration (including renewals) - may be executed by the President without prior approval form any agency outside General Administration.