Adds the described property to the corporate limits of the Town of Beaufort. Clarifies that the described property is navigable waters and other unincorporated property belonging to the State and exempt from taxation by the Town. 

Expands the provisions of SL 1981-710, which authorize the Town of Beaufort to regulate navigable waters within its boundaries. Makes the provisions also applicable to the Towns of Atlantic Beach, Bogue, Cape Carteret, Cedar Point, Emerald Isle, Indian Beach, Morehead City, Newport, Peletier, and Pine Knoll Shores.