GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2001
H	1
HOUSE BILL 1307

 
 
Short Title:	Conversion to Planned Community.	()	
Sponsors:	Representatives Gibson and Holmes (Primary Sponsors).	
Referred to:	Ways and Means.	
April 12, 2001

A BILL TO BE ENTITLED
AN ACT RELATING TO THE CONVERSION OF existing residential developments TO PLANNED COMMUNITies.

The General Assembly of North Carolina enacts:
SECTION 1.  Chapter 47F of the General Statutes is amended by adding a new section to read:
"§ 47F-2-102.  Conversion of existing residential developments to planned communities.
The owners of lots entitled to cast one hundred percent (100%) of the votes in an association, or if there is no association, the owners of one hundred percent (100%) of the total land area currently subject to a single recorded set of residential restrictive covenants, may convert the real property to a planned community and elect to make the provisions of this Chapter applicable to the property by executing and filing a declaration creating a planned community in accordance with G.S. 47F-2-101. To the extent the provisions, procedures, and requirements for amendment in the restrictive covenants conflict with the provisions of this section, this section shall control with respect to any amendment to provide that this Chapter applies to the development of the real property as a planned community."
SECTION 2.  This act is effective when it becomes law.