GENERAL ASSEMBLY OF NORTH CAROLINA
1987 SESSION
CHAPTER 364
The General Assembly of North Carolina enacts:
Section 1. G.S. 160A-514(c) reads as rewritten:
"(c) A commission may
sell, exchange, or otherwise transfer the fee or any lesser interest in real
property in a redevelopment project area to any redeveloper for any public or
private use that accords with the redevelopment plan, subject to such
covenants, conditions and restrictions as the commission may deem to be in the
public interest and in furtherance of the purposes of this Article. In the
sale, exchange, or transfer of property, the commission shall follow the
procedure set out in either G.S. 160A-268, G.S. 160A-269, or
G.S. 160A-270 or G.S. 160A-271 for the sale disposition of
property by a city council."
Sec. 2. This act is effective upon ratification.
In the General Assembly read three times and ratified this the 12th day of June, 1987.