GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2001
H	3
HOUSE BILL 504
Committee Substitute Favorable 4/17/01
Senate State and Local Government Committee Substitute Adopted 5/14/01

Short Title:	Matthews Property Lease.	()	
Sponsors:	     	
Referred to:	     	
March 7, 2001

A BILL TO BE ENTITLED
AN ACT ALLOWING THE TOWN OF MATTHEWS TO LEASE THE 1874 MATTHEWS DEPOT FOR A TERM OF MORE THAN TEN YEARS AND EXTENDING THE EXPIRATION DATE FOR THE COMPLETION OF CERTAIN REAL ESTATE TRANSACTIONS BY MECKLENBURG COUNTY. 

The General Assembly of North Carolina enacts:
SECTION 1.  Notwithstanding G.S. 160A‑272, the Town of Matthews may lease the property known as the 1874 Matthews Depot for a term of more than 10 years without the necessity of following any procedures other than those required by G.S. 160A‑272 for leases of 10 years or less.
SECTION 2.  Section 3 of S.L. 2000‑65 reads as rewritten:
"Section 3. This act is effective when it becomes law, but expires the earlier of  June 30, 2003, or the date on which all property described in Section 2 of this act is sold, exchanged, or transferred."
SECTION 3.  This act is effective when it becomes law.