GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION LAW 2011-154
HOUSE BILL 541
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 Alamance Community College, Central Piedmont Community College, Gaston College, Mitchell Community College, Montgomery Community College, Randolph Community College, Richmond Community College, Robeson Community College, Stanly Community College, and Wilkes Community College.
SECTION 3. This act becomes effective July 1, 2011.
In the General Assembly read three times and ratified this the 16th day of June, 2011.
s/ Walter H. Dalton
President of the Senate
s/ Thom Tillis
Speaker of the House of Representatives