Applicable only to the City of Charlotte, makes the provisions of GS Chapter 20 pertaining to use of highways and the operation of motor vehicles applicable to the streets, roadways, and alleys on the properties owned by or under the control of the Park South Station Master Association, Inc., or the members of the Park South Station Master Association, Inc. Specifies that the streets, roadways, and alleys in the Park South Station Community have the same meanings as highways and public vehicular areas as set forth in GS 20-4.01 (definitions). Directs that a violation of any of those laws is punishable as prescribed by those laws. Authorizes a law enforcement officer of a law enforcement agency that has contracted with the Park South Station Master Association Inc., to enforce the motor vehicle laws that will be applicable to the Park South Station Master Association.  Clarifies that the act does not impact the ownership or control of the streets, roadways, and alleys of the Park South Station Master Association, Inc. or its members, nor will the act impact the current speed limit. Directs that any proposed change in the speed limit be submitted to the Charlotte City Council, who may authorize by ordinance higher or lower speed limits.