GENERAL ASSEMBLY OF NORTH CAROLINA

1983 SESSION

 

 

CHAPTER 511

HOUSE BILL 1049

 

AN ACT TO ALLOW CITIES AND COUNTIES TO LEVY PROPERTY TAXES FOR INDUSTRIAL DEVELOPMENT AND ECONOMIC DEVELOPMENT.

 

The General Assembly of North Carolina enacts:

 

Section 1.  G.S. 153A-149(c) is amended by adding a new subdivision to read:

"(10b) Economic Development. To provide for economic development as authorized by G.S. 158-12."

Sec. 2.  G.S. 153A-149(c) is amended by adding a new subdivision to read:

"(16a)  Industrial Development. To provide for industrial development as authorized by G.S. 158-7.1."

Sec. 3.  G.S. 160A-209(c) is amended by adding a new subdivision to read:

"(10b) Economic Development. To provide for economic development as authorized by G.S. 158-12."

Sec. 4.  G.S. 160A-209(c) is amended by adding a new subdivision to read:

"(17a)  Industrial Development. To provide for industrial development as authorized by G.S. 158-7.1."

Sec. 5.  This act is effective upon ratification.

In the General Assembly read three times and ratified, this the 13th day of June, 1983.