GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 1999
SESSION LAW 1999-8
The General Assembly of North Carolina enacts:
Section 1. Notwithstanding the provisions of Article 12 of Chapter 160A of the General Statutes, the City of Brevard may transfer by private conveyance, with or without monetary consideration, all or part of its right, title, and interest in and to parcels of real estate owned by it in exchange for rights-of-way for public utilities and public roadways, provided that the parcels conveyed are of comparable value to the rights-of-way exchanged for the parcels, as determined by the City Council.
Section 2. The City of Brevard may convey properties described in Section 1 of this act provided that the value of the properties, in any one instance, does not exceed five thousand dollars ($5,000).
Section 3. This act applies only to the City of Brevard in Transylvania County.
Section 4. This act is effective when it becomes law.
In the General Assembly read three times and ratified this the 22nd day of March, 1999.
s/ Marc Basnight
President Pro Tempore of the Senate
s/ James B. Black
Speaker of the House of Representatives