Enacts GS 143-128.1A allowing a governmental entity (Entity) to participate in the operation of a public-private project, including the making of loans and grants of moneys if the Entity determines it will benefit from such participation. The contract must specify (1) the property interest of the Entity and all other participants in the project, (2) the responsibilities of all participants involved in the project, and (3) the responsibilities of all participants with respect to financing of the project. To finance its share of the project, the Entity may apply for federal or state funds. The Entity may select a private developer based on the qualifications package submitted by that developer. The Entity must advertise the terms of the proposed contract to be entered into by the Entity and the private developer in a newspaper having general circulation within the county in which the Entity is located at least 10 days prior to a regularly scheduled meeting at which the contract is to be considered.
|View NCGA Bill Details||2013-2014 Session|
A BILL TO BE ENTITLED AN ACT TO ALLOW GOVERNMENTAL ENTITIES TO ENTER INTO AGREEMENTS WITH PRIVATE DEVELOPERS FOR THE OPERATION AND DEVELOPMENT OF FACILITIES AND INFRASTRUCTURE FOR PUBLIC PURPOSES.Intro. by Moffitt.
Status: Ref To Com On Commerce and Job Development (House Action) (Apr 15 2013)
Bill H 887 (2013-2014)Summary date: Apr 16 2013 - More information