Bill Summary for H 331 (2023-2024)
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View NCGA Bill Details | 2023-2024 Session |
AN ACT EXTENDING THE TERMS OF THE MEMBERS OF THE SOUTHEAST REGIONAL AIRPORT AUTHORITY FROM TWO TO FOUR YEARS AND AUTHORIZING THE SOUTHEAST REGIONAL AIRPORT AUTHORITY TO CONVEY REAL OR PERSONAL PROPERTY BELONGING TO THE AUTHORITY BY PRIVATE NEGOTIATION AND SALE OR LONG-TERM LEASE.Intro. by Pierce.
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Bill summary
House committee substitute to the 1st edition deletes the content of the previous edition and replaces it with the following.
Amends Section 4 of SL 2020-19 by amending the Southeast Regional Airport Authority's power concerning the disposal of property, to now allow the Authority to convey by private negotiation and sale, or to lease for no more than 10 years without it being treated as a sale, under the terms and conditions the Authority deems proper, any or all of its right, title, and interest in Authority real or personal property (was, allowed to sell lease, or otherwise dispose of any real or personal property belonging to the Authority according to specified procedures), with approval needed from the listed local governments for the sale of real property. Makes conforming changes to the act's titles.