GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2001

HOUSE BILL 504
RATIFIED BILL

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.
In the General Assembly read three times and ratified this the 22nd day of May, 2001.

	_____________________________________
		 Beverly E. Perdue
	 President of the Senate

	_____________________________________
		 James B. Black
	 Speaker of the House of Representatives