GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1991

H	1 

HOUSE BILL 1570

Short Title:  New Hanover Airport Powers.	(Local)
─────────────────────────────────────── 
Sponsors: Representatives Payne and Gottovi.
─────────────────────────────────────── 
Referred to:  Local and Regional Government I.
─────────────────────────────────────── 

June 4, 1992

A BILL TO BE ENTITLED
AN ACT ENABLING NEW HANOVER COUNTY TO ESTABLISH AN AIRPORT AUTHORITY FOR THE OPERATION AND MAINTENANCE OF AIRPORT FACILITIES IN NEW HANOVER COUNTY FOR THE CITIZENS OF NEW HANOVER COUNTY AND VICINITY.
The General Assembly of North Carolina enacts:
Section 1.  Section 4 of Chapter 404 of the 1989 Session Laws is amended by adding the following new subdivisions to read:
"(12a)	Acquire, construct, own, own jointly with public and private parties, lease as lessee, mortgage, sell, lease as lessor, or otherwise dispose of lands and facilities and improvements, including undivided interest therein;
(12b)	Finance and refinance for public and private parties seaport and airport facilities and improvements which relate to, develop or further waterborne or airborne commerce and cargo and passenger traffic, including commercial, industrial, manufacturing, processing, mining, transportation, distribution, storage, marine, aviation and environmental facilities and improvements;
(12c)	Secure any such financing or refinancing by all or any portion of their revenues, income or assets or other available monies associated with any of their seaport or airport facilities and with the facilities and improvements to be financed or refinanced, and by foreclosable liens on all or any part of their properties associated with any of their seaport or airport facilities and with the facilities and improvements to be financed or refinanced, but in no event to create a debt secured by a pledge of the faith and credit of the State or any other public body in the State; and".
Sec. 2.  This act is effective upon ratification.