A BILL TO BE ENTITLED
AN ACT to extend the sunset provision on the authority granted to counties and cities to use special assessments to address critical infrastructure needs.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 153A‑210.1 reads as rewritten:
"§ 153A‑210.1.  Purpose; sunset.
(a)	Purpose. – This Article enables counties that face increased demands for infrastructure improvements as a result of rapid growth and development to issue revenue bonds payable from special assessments imposed under this Article on benefited property. This Article supplements the authority counties have in Article 9 of this Chapter. The provisions of Article 9 of this Chapter apply to this Article, to the extent they do not conflict with this Article.
(a1)	Purpose of Dam Repair. – The General Assembly finds that dam repair is a public purpose promoting flood control and public safety.
(b)	Sunset. – This Article expires July 1, 2020. For projects authorized in G.S. 153A‑210.2(a1), this Article expires July 1, 2019. The expiration does not affect the validity of assessments imposed or bonds issued or authorized under the provisions of this Article prior to the effective date of the expiration."
SECTION 2.  G.S. 160A‑239.1 reads as rewritten:
"§ 160A‑239.1.  Purpose; sunset.
(a)	Purpose. – This Article enables cities that face increased demands for infrastructure improvements as a result of rapid growth and development to issue revenue bonds payable from special assessments imposed under this Article on benefited property. This Article supplements the authority cities have in Article 10 of this Chapter. The provisions of Article 10 of this Chapter apply to this Article, to the extent they do not conflict with this Article.
(b)	Sunset. – This Article expires July 1, 2020. The expiration does not affect the validity of assessments imposed or bonds issued or authorized under the provisions of this Article prior to the effective date of the expiration."
SECTION 3.  This act becomes effective June 30, 2015.