A BILL TO BE ENTITLED
AN ACT TO EXEMPT THe TOwns of Holly Springs and Fuquay‑Varina FROM THE COMPETITIVE BIDDING REQUIREMENTS FOR PUBLIC INFRASTRUCTURE PROJECTS.
The General Assembly of North Carolina enacts:
SECTION 1.  The Town of Holly Springs and the Town of Fuquay‑Varina may contract for the construction of public infrastructure projects without being subject to Article 8 of Chapter 143 of the General Statutes provided that:
(1)	The Town Council adopts a resolution approving the exemption of a public infrastructure project from the competitive bidding requirements of Article 8 of Chapter 143 of the General Statutes.
(2)	The Town Council conducts an annual independent audit of all contracts for construction work that would otherwise be subject to the competitive bidding requirements of Article 9 of Chapter 143 of the General Statutes.
(3)	The Town Council makes public any contracts awarded pursuant to this act.
(4)	The Town Council, after awarding the contract pursuant to this act, prepares, places in the public files, and makes available to the public a document setting forth the reasons for using the authority granted by this act to award the contract.
SECTION 2.  This act is effective when it becomes law and applies to contracts entered into on or before December 31, 2030.