A BILL TO BE ENTITLED
AN ACT to exempt financing agreements entered into on behalf of certain multi‑jurisdictional INDUSTRIAL parks from local government commission review.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 159‑153(b) reads as rewritten:
"(b)	Exceptions. – Approval by the Commission in accordance with this section is not required in any of the following cases:
(1)	Another law of this State already specifically requires Commission approval of the indebtedness or financing arrangement and the required approval is obtained in accordance with that law.
(2)	The indebtedness or financing arrangement is a contract entered into by a unit of local government pursuant to G.S. 160A‑20 and is not subject to review by the Commission pursuant to G.S. 160A‑20(e).
(3)	The indebtedness or financing arrangement is excepted from the review requirements of this Article because it does not meet the conditions of G.S. 159‑148(a)(1) or (3) or because it is excluded pursuant to G.S. 159‑148(b).
(4)	The indebtedness or financing arrangement is a contract entered into by a nonprofit corporation on behalf of a multi‑jurisdictional industrial park meeting the requirements of G.S. 143B‑437.08(h)." 
SECTION 2.  This act is effective when it becomes law.