AN ACT to allow mayland community college to sell at private sale the former lexington furniture properties.

The General Assembly of North Carolina enacts:

SECTION 1.  Section 1 of S.L. 2003‑320, as amended by Section 81 of S.L. 2004‑203, reads as rewritten:
"SECTION 1. Mayland Community College may, with prior approval of the State Board of Community Colleges and notwithstanding G.S. 115D‑15 or Article 12 of Chapter 160A of the General Statutes:
(1)	Lease or sell at private sale the former Lexington Furniture Properties for terms it deems appropriate; and
(2)	Sell at private sale the former Hampshire Hosiery Building to Mitchell County Development Foundation, Inc., for such consideration as it deems sufficient."
SECTION 2.  This act is effective when it becomes law.
In the General Assembly read three times and ratified this the 6th day of June, 2006.

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		 Beverly E. Perdue
	 President of the Senate

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		 James B. Black
	 Speaker of the House of Representatives