GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1989

S	2 

SENATE BILL 728
Local Government and Regional Affairs Committee Substitute Adopted 5/9/89

Short Title:  School Lease-Purchase.	(Public)
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Sponsors:
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Referred to:  
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April 3, 1989

A BILL TO BE ENTITLED
AN ACT TO AMEND THE PUBLIC SCHOOL LAWS TO CLARIFY THE AUTHORITY OF LOCAL SCHOOL BOARDS TO ENTER INTO LEASE-PURCHASE AGREEMENTS.
The General Assembly of North Carolina enacts:
Section 1.  G.S. 153A-158 reads as rewritten:
"§ 153A-158.  Power to acquire property.
A county may acquire, by gift, grant, devise, bequest, exchange, purchase, lease, or any other lawful method, the fee or any lesser interest in real or personal property for use by the county or any department, board, commission, or agency of the county or a school administrative unit within the county.  In exercising the power of eminent domain a county shall use the procedures of Chapter 40A.”
Sec. 2.  This act is effective upon ratification.