GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2005

SESSION LAW 2006-5

HOUSE BILL 1822

AN ACT to allow mayland community college to sell at private sale the former lexington furniture properties.

The General Assembly of North Carolina enacts:

SECTION 1.  Section 1 of S.L. 2003-320, as amended by Section 81 of S.L. 2004-203, reads as rewritten:

"SECTION 1. Mayland Community College may, with prior approval of the State Board of Community Colleges and notwithstanding G.S. 115D-15 or Article 12 of Chapter 160A of the General Statutes:

(1)       Notwithstanding the provisions of G.S. 160A-272, lease Lease or sell at private sale the former Lexington Furniture Building Properties for terms it deems appropriate; and

(2)       Sell at private sale the former Hampshire Hosiery Building to Mitchell County Development Foundation, Inc., for such consideration as it deems sufficient."

SECTION 2.  This act is effective when it becomes law.

In the General Assembly read three times and ratified this the 6^th day of June, 2006.

                                                                    s/ Beverly E. Perdue

                                                                         President of the Senate

                                                                    s/ James B. Black

                                                                         Speaker of the House of Representatives