Section 160A-239.1 - Purpose; sunset(a) Purpose. - This Article enables cities that face increased demands for infrastructure improvements as a result of rapid growth and development to impose special assessments as provided under this Article on benefited property and to use the resulting revenues as provided in this Article. This Article supplements the authority cities have in Article 10 of this Chapter. The provisions of Article 10 of this Chapter apply to this Article, to the extent they do not conflict with this Article.(b) Sunset. - This Article expires July 1, 2025, for projects that have not been approved under a final assessment resolution. The expiration does not affect the validity of assessments imposed or to be imposed or bonds issued or authorized or to be issued or authorized under the provisions of this Article if a final assessment resolution has been adopted prior to the effective date of the expiration.N.C. Gen. Stat. § 160A-239.1
Amended by 2020 N.C. Sess. Laws 58,s. 7.2, eff. 6/30/2020.Amended by 2017 N.C. Sess. Laws 40,s. 2, eff. 6/21/2017.Amended by 2015 N.C. Sess. Laws 121,s. 2, eff. 6/30/2015.Amended by 2013 N.C. Sess. Laws 371,s. 2-a, eff. 6/30/2013.Added by 2008 N.C. Sess. Laws 165,s. 3, eff. 8/3/2008. See 2013 N.C. Sess. Laws 371, s. 3.