NC S731

Increases the maximum property tax rate for research and production service districts from 10 cents to 20 cents per $100 of property value, removing the previous exception that allowed 20 cents only for districts meeting certain state criteria

Authorizes multi-county research and production service districts and urban research service districts (URSDs), allowing boards of commissioners from multiple counties to adopt concurrent resolutions establishing districts that span county lines

Permits county commissioners to designate research park developers as agents who may contract for services, construction, and procurement within the district, with developer-agents allowed to own infrastructure such as streets, sidewalks, parks, schools, utilities, and public transportation systems

Expands the definition of public transportation eligible for county property tax funding to include greenways that support public conveyance

Clarifies that capital projects benefiting a URSD do not have to be located wholly within the district to qualify for URSD tax revenue debt service