A BILL TO BE ENTITLED
AN ACT to allow the town of lake lure to lease certain properties for a term of more than TEN years WITHOUT TREATING IT AS A SALE.
The General Assembly of North Carolina enacts:
SECTION 1.  Notwithstanding the provisions of G.S. 160A‑272, the Town of Lake Lure may lease the property known as Lake Lure Bridge #7 and the property identified by Rutherford County Parcel Identification Number # 0632‑69‑5544 for a term of more than 10 years without treating the lease as a sale.
SECTION 2.  This act is effective when it becomes law.