AN ACT TO CLARIFY THAT THE INCLUSION OF REAL PROPERTY ON A COMPREHENSIVE TRANSPORTATION PLAN IS NOT A REQUIRED DISCLOSURE OR A MATERIAL FACT FOR THE PURPOSES OF DISCLOSURE FOR REAL ESTATE TRANSACTIONS.
Makes the following changes regarding real property conveyances, applicable to Cleveland and Lincoln Counties only.
Enacts GS 39-51 to deem material the fact that any portion of real property offered for conveyance, rent, or lease is included in a financially constrained transportation plan. Specifies that the fact that any portion of real property offered for conveyance, rent, or lease is included in a comprehensive transportation plan that is not financially constrained adopted under specified state or federal law regarding transportation planning, is not, standing alone, material. Prohibits any party or their agent to the conveyance, rental, or lease from knowingly making a false statement regarding the property's inclusion on any transportation plan.
Amends GS 47E-4 to deem the inclusion of real property in a comprehensive transportation plan that is not financially constrained adopted pursuant to specified state or federal law regarding transportation planning not a required disclosure in real estate contracts. Prohibits parties or their agents in real estate contracts governed by GS Chapter 47E from knowingly making a false statement regarding a property's inclusion in any transportation plan.
Applies to real estate contracts entered into on or after the date the act becomes law.
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