Bill Summary for H 158 (2017-2018)

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Bill: SPECIAL ASSESSMENTS/CRITICAL INFRASTRUCTURE.

Summary date: 

Feb 27 2017
S.L. 2017-40

Bill Information:

View NCGA Bill Details2017-2018 Session
House Bill 158 (Public) Filed Tuesday, February 21, 2017
AN ACT AUTHORIZING CITIES AND COUNTIES TO PROVIDE FOR THE PAYMENT OF ALL OR A PORTION OF THE COST OF CRITICAL INFRASTRUCTURE PROJECTS BY USING FUNDS FROM PRIVATE PARTIES AND REPAYING THE FUNDS BY MAKING SPECIAL ASSESSMENTS ON BENEFITED PROPERTY AND CLARIFYING THE RECIPIENT OF THE PROCEEDS FROM A PERFORMANCE GUARANTEE.
Intro. by Saine, Williams, Strickland, Reives.

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Bill summary

House committee substitute makes the following changes to the 1st edition. Changes the effective date of the act from June 30, 2017, to when the act becomes law.