GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1993

H	1 

HOUSE BILL 31*

Short Title:  Modify Water Column Leases.	(Public)
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Sponsors: Representatives Redwine, Grady, James, Smith, R. Thompson; Edwards, Nichols, and J. Preston.
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Referred to:  Environment.
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February 3, 1993

A BILL TO BE ENTITLED
AN ACT TO MODIFY THE WATER COLUMN LEASES IN ARTICLE 16 OF CHAPTER 113 OF THE GENERAL STATUTES.
The General Assembly of North Carolina enacts:
Section 1.  G.S. 113-202.1(d) reads as rewritten:
"(d)	Amendments of shellfish cultivation leases to authorize use of the water column are issued for a period of five years or the remainder of the term of the lease, whichever is shorter.  The annual rental for water column amendments is one hundred dollars ($100.00) per acre for the first three years of the initial lease and five hundred dollars ($500.00) per acre for each year of the remainder of the term of the lease, prorated.  The annual rental for subsequent water column leases is five hundred dollars ($500.00) per acre.  The rental is in addition to that required in G.S. 113-202."
Sec. 2.  This act is effective upon ratification and applies to leases entered into on or after the effective date of this act.