A BILL TO BE ENTITLED
AN ACT TO exempt leases of property by the halifax‑northampton regional airport authority from general laws regarding disposal of property AND TO ALLOW the AUTHORITY TO enter into certain leases for a term of up to FORTY years.
The General Assembly of North Carolina enacts:
SECTION 1.  Section 4(a) of S.L. 1997‑275, as amended by S.L. 1998‑130 and S.L. 2012‑116, reads as rewritten:
"Section 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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(6)	To sell or otherwise dispose of any property, real or personal, belonging to the Airport Authority, according to the procedures described in Article 12 of Chapter 160A of the General Statutes, but no sale of real property shall be made without the approval of the Halifax County Board of Commissioners, the Northampton County Board of Commissioners, and the Roanoke Rapids City Council.
(6a)	To lease any property, real or personal, belonging to the Airport Authority under the terms and conditions the Airport Authority deems proper. Article 12 of Chapter 160A of the General Statutes shall not apply to leases entered into by the Airport Authority.
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(10)	To operate, own, lease, control, regulate, or grant to others, for a period not to exceed 40 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.
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(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 40 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.  This act is effective when it becomes law and applies to contracts entered into or renewed on or after that date.