Bill Summary for H 492 (2015-2016)

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Summary date: 

Apr 2 2015
S.L. 2015-159

Bill Information:

View NCGA Bill Details2015-2016 Session
House Bill 492 (Local) Filed Wednesday, April 1, 2015
AN ACT AUTHORIZING THE RUTHERFORD COUNTY BOARD OF COMMISSIONERS TO TERMINATE AND DISSOLVE THE RUTHERFORD AIRPORT AUTHORITY AND TO OPERATE THE RUTHERFORD COUNTY AIRPORT AS A PUBLIC ENTERPRISE.
Intro. by Hager.

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Bill summary

Allows the Board of Commissioners of Rutherford County (Board) to terminate and dissolve the Rutherford Airport Authority (Authority). Provides that if the Board does terminate and dissolve, the Board may order the Authority to: (1) transfer to Rutherford County all real and personal property owned by the Authority and (2) assign to the county within a certain time period all executory contracts to which the Authority is a party. Repeals specified local acts if the Board terminates and dissolves the Authority. Provides that if the Board terminates and dissolves the Authority, the county may operate the Rutherford County Airport as a public enterprise.