Bill Summary for H 158 (2017-2018)

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Bill: SPECIAL ASSESSMENTS/CRITICAL INFRASTRUCTURE.

Summary date: 

Jun 21 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

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. Enacted June 21, 2017. Effective June 21, 2017.