House committee substitute makes the following changes to the 1st edition.

Amends GS 160A-266 to permit Ocean Isle Beach to exchange personal property ora parcel of real property for other real or personal propertyor forservicessubject to limitations prescribed in subsection (b) of the statute regarding the exchange of real or personal property by a city via private negotiation and sale.Amends GS 160A-271 to provide that Ocean Isle Beach may exchange real or personal property that belongs to the city for services via private negotiation. Limitsapplication of this act to the Town of Ocean Isle Beach and allows the town to exchange a parcel of real property for services, specifying that this provision only applies to land used for the construction and exchange of an Alcoholic Beverage Control building owned by the Town of Ocean Isle Beach. These provisions expire on July 1, 2018.

Amends the title of this act to reflect the changes to the bill content.