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73 <br /> exeeedifig 20 . <br /> SECTION 19.(b) G.S. 160A-400.23 reads as rewritten: <br /> "§ 160A-400.23. Developed property must eontnin eeknin number- of e; criteria; <br /> permissible durations of agreements. <br /> (a) A local government may enter into a development agreement with a developer for <br /> the development of property as provided in this nay, N ;ded toe r et:ty ntai s 25 a ° <br /> appli.ation). Part for developable property of any size, including property that is subject to an <br /> executed brownfields agreement pursuant to Part 5 of Article 9 of Chapter 130A of the General <br /> Statutes. Development agreements shall be of a reasonable term specified in the age t, <br /> pt:evided t4ey,,, „t be f r „ tetm o eed;,,n 20 . o s.agreement. <br /> exeeedifig 20 . <br /> SECTION 19.(c) G.S. 153A-349.3 reads as rewritten: <br /> "§ 153A-349.3. Local governments authorized to enter into development agreements; <br /> approval of governing body required. <br /> (a) A local government may establish procedures and requirements, as provided in this <br /> Part, to consider and enter into development agreements with developers. A development <br /> agreement must be approved by the governing body of a local government by ordinance. <br /> The development agreement may, by ordinance, be incorporated, in whole or in <br /> part, into any planning, zoning, or subdivision ordinance adopted by the local government." <br /> SECTION 19.(d) G.S. 160A-400.22 reads as rewritten: <br /> "§ 160A-400.22. Local governments authorized to enter into development agreements; <br /> approval of governing body required. <br /> (a) A local government may establish procedures and requirements, as provided in this <br /> Part, to consider and enter into development agreements with developers. A development <br /> agreement must be approved by the governing body of a local government by ordinance. <br /> The development agreement may, by ordinance, be incorporated, in whole or in <br /> part, into any planning, zoning, or subdivision ordinance adopted by the local government." <br /> SECTION 19.(e) This section becomes effective October 1, 2015, and applies to <br /> development agreements entered into on or after that date. <br /> SECTION 20. If any provision of this act or its application is held invalid, the <br /> invalidity does not affect other provisions or applications of this act that can be given effect <br /> without the invalid provisions or application, and to this end the provisions of this act are <br /> severable. <br /> Page 18 Session Law 2015-246 House Bill 44-Ratified <br />