SB 612, the Regulatory Reform Act of 2013, was introduced by Sens. Harry Brown (R-Onslow); Brent Jackson (R-Duplin) and Andrew Brock (R-Davie). This legislation would provide regulatory relief to the citizens of North Carolina by:
One such local ordinance that would be impacted by the passage of SB 612 would be the Charlotte PCCO, which was adopted with stricter redevelopment standards than are called for in state law. This one amendment, which REBIC has long advocated for, could save developers millions in infrastructure costs and substantially open the market for redevelopment of long-neglected intown sites.
Regulatory Reform has been tackled in each of the past two legislative sessions, and the 2013 General Assembly seems committed to taking additional steps to improve North Carolina’s standing as a business-friendly state that can attract economic development and new jobs.
We’ll continue to track the progress of SB 612 and other regulatory reform legislation, and advocate for their passage in partnership with the North Carolina Home Builders Association (NCHBA), the Charlotte Chapter of NAIOP, and the North Carolina Association of REALTORS.
#NCGA #PCCO #RegReformBACK TO LATEST NEWS