GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2001
H	1
HOUSE BILL 852*
     

 
Short Title:	Charlotte Leases.	()	
Sponsors:	Representatives McMahan;  Alexander, Earle, Harrington, and Saunders.	
Referred to:	Local Government I.	
March 29, 2001

A BILL TO BE ENTITLED
AN ACT to authorize the charlotte auditorium-coliseum-convention center authority to lease or rent properties for terms up to thirty years.

The General Assembly of North Carolina enacts:
SECTION 1.  Section 5.23(b) of the Charter of the City of Charlotte, being S.L. 2000‑26, reads as rewritten:
"(b)	The authority may, in its discretion, lease or rent auditorium‑coliseum‑convention center‑baseball stadium properties and facilities for such terms and upon such conditions as the authority may determine but not for longer than  30 years. Leases and rentals for terms of more than one year may be executed only after 10 days' public notice by publication describing the property to be leased or rented, stating the annual lease or rental payments and announcing the authority's intent to authorize the lease or rental at its next meeting. No public notice or resolution of the authority is required with respect to leases and rentals for terms of one year or less."
SECTION 2.  This act is effective when it becomes law.