Bill Summary for H 426 (2017-2018)

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Bill: SANFORD-LEE COUNTY AIRPORT AUTHORITY CHANGES.

Summary date: 

Mar 21 2017
S.L. 2017-55

Bill Information:

View NCGA Bill Details(link is external)2017-2018 Session
House Bill 426 (Local) Filed Tuesday, March 21, 2017
AN ACT TO REVISE THE COMPOSITION OF THE SANFORD-LEE COUNTY REGIONAL AIRPORT AUTHORITY AND TO AUTHORIZE THE AUTHORITY TO ENTER INTO CERTAIN CONTRACTS FOR A PERIOD GREATER THAN TWENTY YEARS.
Intro. by Sauls, Reives.

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Bill summary

Amends SL 1991-903, as amended, to change the composition of the Sanford-Lee County Airport Authority (Authority) to remove the Lee County Development Director member and replace that member with an appointee of the Sanford Area Growth Alliance Executive Committee. Additionally, increases the maximum term the Authority may enter into for a lease, contract, or operating license, as specified, from a term of 20 years to a term of 40 years. Makes technical changes.