NCCCS EQUIPMENT MANUAL
g. It is recommended that each contract contain a non-appropriations clause similar to the following:
No deficiency judgment may be rendered against the board of trustees, the tax-levying authority, the State Board of Community Colleges, or the State of North Carolina in any action for breach of a contractual obligation under this contract. The taxing power of the tax-levying authority and the State is not pledged directly or indirectly to secure any monies due under this contract.
Contracts that must be approved by the State Board need to be submitted to the Administrative and Facility Services Section by the 15th of the month preceding the next regularly scheduled State Board meeting. To avoid delay in the award of a contract, you may submit for approval, contracts that are part of the bid package and will be used for financing.
Submission of these contracts in a timely manner is strongly recommended. By law, the State Board must approve these contracts before the college can execute the contract.
When contracts are submitted, the System Office staff will review them for conformity with the legislation and present those contracts conforming with the law to the State Board for approval. An annual report will be made to the State Board on the state-funded contracts exceeding $100,000, or three-year terms, and the amount of state funds obligated for the next year.