NC H1033

Authorizes county boards of commissioners to impose special assessments against properties contiguous to a lake for repairing privately owned dams formerly used for textile mill purposes.

Limits application to dams forming lakes between 225 and 325 acres in area, with assessments applied only to properties that benefit from access to the lake.

Establishes that dam repair constitutes a public purpose promoting flood control and public safety.

Extends the sunset date for dam repair projects from July 1, 2015 to July 1, 2019, while maintaining validity of assessments and bonds issued before expiration.

Effective upon becoming law on July 30, 2014.