GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 1999

SENATE BILL 1293
RATIFIED BILL

AN ACT TO MODIFY THE TAX LIMIT FOR THE TOWN OF BADIN.

The General Assembly of North Carolina enacts:

Section 1.  Section 5.3 of the Charter of the Town of Badin, being Chapter 894, Session Laws of 1989, as rewritten by Section 1 of Chapter 827, Session Laws of 1991, reads as rewritten:
"Sec. 5.3.  
		The ad valorem tax rate set by the Town Council shall not exceed the previous year's rate by more than ten percent (10%)."
Section 2.  This act is effective when it becomes law.
In the General Assembly read three times and ratified this the 30th day of June, 2000.

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	Marc Basnight
	President Pro Tempore of the Senate

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	James B. Black
				eaker of the House of Representatives