GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2005
SESSION LAW 2006-5
HOUSE BILL 1822
AN ACT to allow mayland community college to sell at private sale the former lexington furniture properties.
The General Assembly of North Carolina enacts:
SECTION 1. Section 1 of S.L. 2003-320, as amended by Section 81 of S.L. 2004-203, reads as rewritten:
"SECTION 1. Mayland Community College may, with prior approval of the State Board of Community Colleges and notwithstanding G.S. 115D-15 or Article 12 of Chapter 160A of the General Statutes:
(1) Notwithstanding the
provisions of G.S. 160A-272, lease Lease or sell at private sale the
former Lexington Furniture Building Properties for terms it deems
appropriate; and
(2) Sell at private sale the former Hampshire Hosiery Building to Mitchell County Development Foundation, Inc., for such consideration as it deems sufficient."
SECTION 2. This act is effective when it becomes law.
In the General Assembly read three times and ratified this the 6th day of June, 2006.
s/ Beverly E. Perdue
President of the Senate
s/ James B. Black
Speaker of the House of Representatives