GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 1999
SESSION LAW 2000-96
AN ACT RELATING TO THE DISPOSAL OF PERSONAL PROPERTY BY GASTON COUNTY.
The General Assembly of North Carolina enacts:
Section 1. G.S. 160A-266(c) reads as rewritten:
"(c) A city council may
adopt regulations prescribing procedures for disposing of personal property
valued at less than five thousand dollars ($5,000) fifty thousand
dollars ($50,000) for any one item or group of items in substitution for
the requirements of this Article. The regulations shall be designed to secure
for the city fair market value for all property disposed of and to accomplish
the disposal efficiently and economically. The regulations may, but need not,
require published notice, and may provide for either public or private
exchanges and sales. The council may authorize one or more city officials to
declare surplus any personal property valued at less than five thousand
dollars ($5,000) fifty thousand dollars ($50,000) for any one item
or group of items, to set its fair market value, and to convey title to the
property for the city in accord with the regulations. A city official
authorized under this section to dispose of property shall keep a record of all
property sold under this section and that record shall generally describe the
property sold or exchanged, to whom it was sold, or with whom exchanged, and
the amount of money or other consideration received for each sale or exchange."
Section 2. This act applies to Gaston County only.
Section 3. This act is effective when it becomes law.
In the General Assembly read three times and ratified this the 10th day of July, 2000.
s/ Marc Basnight
President Pro Tempore of the Senate
s/ James B. Black
Speaker of the House of Representatives