AN ACT to authorize the division of motor vehicles to produce a charlotte football club special registration plate and to extend the sunset provisions for the existing 1% Mecklenburg County prepared food and beverages tax and the additional 2% occupancy tax for the NASCAR hall of fame.

The General Assembly of North Carolina enacts:

SECTION 1.(a)  G.S. 20‑79.4(b) reads as rewritten:

(b)      Types. – The Division shall issue the following types of special registration plates:

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()          Charlotte Football Club. – Issuable to a registered owner of a motor vehicle. The plate shall bear the Charlotte Football Club's logo.

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SECTION 1.(b)  The Revisor of Statutes is authorized to alphabetize, number, and renumber the special registration plates listed in G.S. 20‑79.4(b) to ensure that all the special registration plates are listed in alphabetical order and numbered accordingly.

SECTION 1.(c)  This section becomes effective July 1, 2023.

SECTION 2.(a)  Section 9.1 of Chapter 908 of the 1983 Session Laws, as amended by Chapters 821 and 922 of the 1989 Session Laws and S.L. 2001‑402, reads as rewritten:

Sec. 9.1. Sunset of Certain Provisions. – Effective on the latest of the three dates listed below, Section 7 of this act and Section 9(a)(4)b. of this act are repealed:repealed effective July 1, 2060.

(1)        July 1 following the date of final satisfaction, by payment or other irrevocable defeasance, of any debt instruments or obligations that meet both of the following conditions:

a.         They were issued by the City of Charlotte or by a related special purpose entity in connection with the financing of the Charlotte Convention Center or of any hotel or parking facility constructed or participated in by the city to support or serve the convention center.

b.         They were issued and outstanding on or before July 1, 2001.

(2)        July 1 following the date of final satisfaction, by payment or other irrevocable defeasance, of any debt instruments or obligations that were issued by the City of Charlotte or by a related special purpose entity in connection with a construction contract for expansion of the existing convention center that meets both of the following conditions:

a.         The expansion contracted for will encompass at least 100,000 square feet of additional exhibit and meeting space and related support facilities.

b.         The design contract for the expansion contracted for was awarded by January 1, 2011.

(3)        July 1, 2031.

SECTION 2.(b)  Section 1(e) of S.L. 2005‑68 reads as rewritten:

SECTION 1.(e)  Repeal. – A tax levied under this act shall only be repealed in accordance with this subsection. subsection and G.S. 153A‑155(f). The Mecklenburg County Board of Commissioners shall repeal the tax effective the not earlier than the later of July 1, 2038, or July 1 after the date of final satisfaction, by payment or other irrevocable defeasance, of any debt instruments or obligations that were issued by the City of Charlotte or a related special purpose entity in connection with the financing or refinancing of the NASCAR Hall of Fame Museum facility. facility but not later than July 1, 2060. Effective upon the repeal of the tax in accordance with this subsection, subsection (a) of this section is repealed, and any tax levied under that subsection shall be rescinded. Repeal of a tax levied under this act does not affect a liability for a tax that has attached before the effective date of the repeal, nor does it affect a right to a refund of a tax that accrued before the effective date of the repeal.

SECTION 2.(c)  Section 1(f) of S.L. 2005‑68 reads as rewritten:

SECTION 1.(f)  Distribution and Use of Proceeds. – The local administrative authority, acting on its own behalf or as agent for each taxing entity shall distribute the proceeds of the tax levied pursuant to this act to the City of Charlotte. The City of Charlotte shall use the proceeds only for the acquisition, construction, repair, maintenance, renovation, improvement, and financing or refinancing of a NASCAR Hall of Fame Museum facility and an ancillary and adjacent NASCAR/convention center ballroom facility. The Charlotte Regional Visitors Authority shall have all the powers and duties enumerated in Section 5.23 of the Charter of the City of Charlotte (S.L. 2000‑26 as amended by S.L. 2001‑402 and S.L. 2004‑14) with respect to facilities constructed pursuant to this act.

SECTION 2.(d)  Subsection (c) of this section is effective when it becomes law and applies to the use of tax proceeds collected on or after that date.

SECTION 3.  Except as otherwise provided, this act is effective when it becomes law.