Bill Summary for S 284 (2015-2016)

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Bill: INFRASTRUCTURE ASSESSMENTS/EXTEND SUNSET. (NEW)

Summary date: 

Jun 22 2015
S.L. 2015-121

Bill Information:

View NCGA Bill Details2015-2016 Session
Senate Bill 284 (Public) Filed Thursday, March 12, 2015
AN ACT TO EXTEND THE SUNSET PROVISION ON THE AUTHORITY GRANTED TO COUNTIES AND CITIES TO USE SPECIAL ASSESSMENTS TO ADDRESS CRITICAL INFRASTRUCTURE NEEDS AND TO SHORTEN THE NUMBER OF ANNUAL INSTALLMENTS.
Intro. by Hartsell.

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Bill summary

House amendment makes the following changes to the 2nd edition.

Amends the long title.

Amends GS 153A-210.5 (counties) and GS 160A-239.5 (municipalities), both concerning the repayment of special assessments for critical infrastructure needs, providing that such assessments are payable in annual installments not to exceed 25 in number (was, could not exceed 30 annual installments).

Amends the effective date of the act to provide that it is effective June 30, 2015, applying to assessments made on or after July 1, 2015 (was, effective June 30, 2015).