A BILL TO BE ENTITLED
AN ACT to increase the period of time over which an interlocal agreement regarding an industrial or commercial park may remain in effect.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 158‑7.4(b) reads as rewritten:
"(b)	Any undertaking entered into pursuant to this section may be for that period that is agreed to by the participating local governments, up to a maximum of 60 years."
SECTION 2.  This act is effective when it becomes law.