A BILL TO BE ENTITLED
AN ACT to authorize the lincolnton‑lincoln county airport authority to enter into certain contracts for a period greater than twenty‑five years and to make technical corrections to the session laws related to the airport authority.
The General Assembly of North Carolina enacts:
SECTION 1.  Subsection (a) of Section 4 of Chapter 10 of the Session Laws of the 1996 Second Extra Session reads as rewritten:
"Sec. 4.  (a) The Airport Authority shall constitute a body, both corporate and politic, and shall have the following powers and authority:
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(10)	To operate, own, lease, control, regulate, or grant to others, for a period not to exceed 50 years, the right to operate on any airport premises restaurants, snack bars, vending machines, food and beverage dispensing outlets, rental car services, catering services, novelty shops, insurance sales, advertising media, merchandising outlets, motels, hotels, barber shops, automobile parking and storage facilities, automobile service establishments, and all other types of facilities as may be directly or indirectly related to the maintenance and furnishing to the general public of a complete air terminal installation.
(11)	To contract with persons, firms, or corporations for terms not to exceed 50 years, for the operation of airline‑scheduled passenger and freight flights, nonscheduled flights, and any other airplane activities not inconsistent with the grant agreements under which the airport property is held.
(12)	To erect and construct buildings, hangars, shops, and other improvements and facilities, not inconsistent with or in violation of the agreements applicable to and the grants under which the real property of the airport is held; to lease these improvements and facilities for a term or terms not to exceed 50 years; to borrow money for use in making and paying for these improvements and facilities, secured by and on the credit only of the lease agreements in respect to these improvements and facilities, and to pledge and assign the leases and lease agreements as security for the authorized loans.
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SECTION 2.  Chapter 286 of the Session Laws of 1977 is repealed.
SECTION 3.  This act is effective when it becomes law.