Bill Summary for H 397 (2023-2024)
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Summary date:
Mar 15 2023
S.L. 2023-101
Bill Information:
| View NCGA Bill Details | 2023-2024 Session |
AN ACT TO ALLOW THE TOWN OF LAKE LURE TO LEASE CERTAIN PROPERTIES FOR A TERM OF MORE THAN TEN YEARS WITHOUT TREATING IT AS A SALE.Intro. by Johnson.
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Bill summary
Allows Lake Lure to lease the specified property for a term of more than 10 years without following any procedures other than those under GS 160A-272 (concerning limitations on the lease or rental of any property owned by a city) for leases of 10 years or less.