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NC H477

Bill

Official Source

Status

Engrossed

4/20/2023

Primary Sponsor

Michael Wray

Click for details

Origin

House of Representatives

2023-2024 Session

AI Summary

  • Exempts leases of property by the Halifax-Northampton Regional Airport Authority from Article 12 of Chapter 160A of the General Statutes regarding disposal of property.

  • Allows the Airport Authority to lease any property, real or personal, under terms and conditions it deems proper without complying with general property disposal laws.

  • Increases the maximum lease term for airport facilities and services from 25 years to 40 years, including restaurants, car rental services, hotels, parking facilities, and other air terminal-related businesses.

  • Extends the maximum lease term for improvements and facilities constructed on airport property to 40 years.

  • Effective upon enactment and applies to contracts entered into or renewed on or after the effective date.

Legislative Description

Halifax-Northampton Airport Authority/Leases

Airports; Authorities; Aviation; Contracts; Counties; Rentals & Leasing; Local; Municipalities; Session Laws; Halifax County; No

Last Action

Ref To Com On Rules and Operations of the Senate

4/20/2023

Committee Referrals

Rules and Operations of the Senate4/20/2023
Rules, Calendar, and Operations of the House4/18/2023
Local Government3/27/2023

Full Bill Text

No bill text available