GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1999

S	1 

SENATE BILL 1362

Short Title:  Gaston County Property Sales.	(Local)

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Sponsors: Senators Forrester and Hoyle.

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Referred to:  State and Local Government.

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May 22, 2000

A BILL TO BE ENTITLED
AN ACT RELATING TO THE DISPOSAL OF PERSONAL PROPERTY BY GASTON COUNTY.
The General Assembly of North Carolina enacts:
Section 1.  G.S. 160A-266(c) reads as rewritten:
"(c)	A city council may adopt regulations prescribing procedures for disposing of personal property valued at less than fifty thousand dollars ($50,000) for any one item or group of items in substitution for the requirements of this Article. The regulations shall be designed to secure for the city fair market value for all property disposed of and to accomplish the disposal efficiently and economically. The regulations may, but need not, require published notice, and may provide for either public or private exchanges and sales. The council may authorize one or more city officials to declare surplus any personal property valued at less than fifty thousand dollars ($50,000) for any one item or group of items, to set its fair market value, and to convey title to the property for the city in accord with the regulations. A city official authorized under this section to dispose of property shall keep a record of all property sold under this section and that record shall generally describe the property sold or exchanged, to whom it was sold, or with whom exchanged, and the amount of money or other consideration received for each sale or exchange."
Section 2.  This act applies to Gaston County only.
Section 3.  This act is effective when it becomes law.