Bill Summary for H 397 (2023-2024)
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Summary date:
Apr 25 2023
S.L. 2023-101
Bill Information:
View NCGA Bill Details(link is external) | 2023-2024 Session |
AN ACT TO ALLOW THE TOWN OF LAKE LURE TO LEASE CERTAIN PROPERTIES FOR A TERM OF MORE THAN TEN YEARS WITHOUT TREATING IT AS A SALE.Intro. by Johnson.
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Bill summary
House committee substitute to the 1st edition makes the following changes. Allows Lake Lure to also lease the property identified by Rutherford County Parcel Identification Number # 0632-69-5544 (in addition to the Lake Lure Bridge #7) for a term of more than 10 years without treating the lease as a sale (was, without following any procedures other than those under GS 160A-272 for leases of 10 years or less). Makes conforming changes to the act’s long title.