GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2015

H                                                                                                                                                   2

HOUSE BILL 526

Committee Substitute Favorable 6/4/15

Short Title:        Town of Norwood/Deannexation.	(Local)
Sponsors:
Referred to:

April 2, 2015

A BILL TO BE ENTITLED

AN ACT to remove certain described property from the corporate limits of the town of norwood.

The General Assembly of North Carolina enacts:

SECTION 1.  The following described property is removed from the corporate limits of the Town of Norwood:

All of the property described in S.L. 2004‑43 that is both (i) leased from or owned by Duke Energy Corporation and (ii) regulated by the Federal Energy Regulatory Commission (FERC), including that portion of Lake Tillery that is shown on a map of the corporate limits of the Town of Norwood recorded in the Stanly County Registry, Book 19, Page 40, except that property identified by the Stanly County Tax Record Number: 13795 and Pin Number: 657403049184.

SECTION 2.  This act has no effect upon the validity of any liens of the Town of Norwood for ad valorem taxes or special assessments outstanding before the effective date of this act. Such liens may be collected or foreclosed upon after the effective date of this act as though the property described in Section 1 of this act were still within the corporate limits of the Town of Norwood.

SECTION 3.  This act becomes effective June 30, 2015.