Bill Text: NC S1120 | 2010 | Regular Session | Enrolled

NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Burlington Economic Development

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2010-06-30 - Ch. SL 2010-25 [S1120 Detail]

Download: North_Carolina-2010-S1120-Enrolled.html

GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2009

 

 

SENATE BILL 1120

RATIFIED BILL

 

 

AN ACT amending the charter of the city of burlington relating to residential development projects in a municipal service district.

 

The General Assembly of North Carolina enacts:

 

SECTION 1.  Subchapter C of Chapter III of the Charter of the City of Burlington, being Chapter 119 of the 1961 Session Laws, is amended by adding a new section to read:

"Section 3.42. Residential development projects in municipal service districts. The city council may, in accordance with G.S. 158‑7.1, et seq., make appropriations and authorize economic incentives for the purposes of aiding and encouraging residential development projects within the city in a municipal service district established pursuant to Article 23 of Chapter 160A of the General Statutes which, in the discretion of the city council, is likely to have a significant effect on the economic revitalization of that district.

In connection with the foregoing, the city council may make loans and grants from public funds for revitalization projects that will have a significant revitalization effect on the city."

SECTION 2.  This act is effective when it becomes law.

In the General Assembly read three times and ratified this the 29th day of June, 2010.

 

 

 

 

                                                                        _____________________________________

                                                                         Walter H. Dalton

                                                                         President of the Senate

 

 

 

 

                                                                        _____________________________________

                                                                         Joe Hackney

                                                                         Speaker of the House of Representatives

feedback