Title: SL2005-0072
Subject: Session Law 2005-72
Category: Introduced Bill 2005

General Assembly of North Carolina	Session 2005

GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2005

SESSION LAW 2005-72
SENATE BILL 867

AN ACT to increase the period of time over which an interlocal agreement regarding an industrial or commercial park may remain in effect.

The General Assembly of North Carolina enacts:

SECTION 1.  G.S. 158‑7.4(b) reads as rewritten:
"(b)	Any undertaking entered into pursuant to this section may be for that period that is agreed to by the participating local governments, up to a maximum of 99 years."
SECTION 2.  This act is effective when it becomes law.
In the General Assembly read three times and ratified this the 26^th day of May, 2005.

	s/	 Beverly E. Perdue
	 President of the Senate

	s/	 James B. Black
	 Speaker of the House of Representatives

	s/	 Michael F. Easley
	 Governor

Approved 9:45 a.m. this 2^nd day of June, 2005

Page 	Session Law 2005-72	SL2005-0072

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