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July 12 Jones Street Update

NC REALTORS LEGISLATIVE PRIORITY GOES TO GOVERNOR!

On Thursday, the Senate gave final approval to House Bill 620 “Street Database/Manual/Public Record Except.” This bill is the result of multiple years of work by NC REALTORS and other stakeholders to address the issue of subdivision street maintenance and is a huge win for consumers! House Bill 620 addresses an important component of this issue: the creation of a statewide database of roads.

The North Carolina Department of Transportation (NCDOT) must now develop a “Public Street Information Database” for release on January 1, 2020 which shows the status of federally owned, state owned, and state-maintained roads throughout the state. The database is required to be updated monthly and will utilize existing mapping and geographic information system (GIS) overlays. NC REALTORS staff has already begun working with NCDOT on a potential system. We hope to have more information available soon.

The bill is currently on the Governor’s desk awaiting his signature. (Check out this week’s Inside Baseball section for a discussion of his options.)

The NC REALTORS lobbying team is also working with multiple stakeholders, including NCDOT to address the process of turning over roads for maintenance. We know that this is an important part of preventing the issue from continuing across the state.

And that’s not all: Additional REALTOR-supported legislation passes too!

With the legislature nearing the end of its regular session for the year, we are seeing a flurry of bills moving through the process. And we are happy to report that a couple of those are NC REALTORS-supported bills. They include:

Senate Bill 462Modifications to NC Appraisal Board
This legislation makes updates to the statutes governing the NC Appraisal Board to bring it into compliance with federal rules regarding licensure education/certification and a newly-mandated fee for appraisal management companies. This bill was passed by the House this week after favorable hearings in the Senate prior to the Fourth of July holiday. It is now awaiting the Governor’s signature.

Senate Bill 523Rev. Laws Clarifying & Administrative Changes
This legislation includes additional clarifications to the laws on the taxation on property managers installation, repair, and maintenance services. These clarifications have been the result of more than 18 months of work by NC REALTORS, property managers, and other stakeholders. The bill passed the House on Thursday and was sent back to the Senate for a concurrence vote next week.

Senate Bill 553Regulatory Reform Act of 2019
Senate Bill 553 makes changes to state and local regulations including a provision aligning real estate licensing law for timeshare salespersons with the licensing requirements for property managers and home builders. This change was supported by the NC Real Estate Commission. A conference committee has been appointed to resolve the differences between the chambers.

No budget deal—Time for a stopgap

As you saw in our opener, the budget battle between General Assembly leadership and the Governor rages on. While recent changes to state law prevent the government from shutting down (the budget reverts to the last passed budget from 2018), it was determined that a “stopgap” budget was needed to ensure continued funding for some important programs.

The stopgap budget does not include anything other than nonrecurring money that is needed to draw down federal funds. Overall, this means that none of the provisions of interest to NC REALTORS, including the Housing Finance Agency funds, qualified for inclusion in this bill.

We will continue to watch this proposal and the budget process in the coming weeks.

Keep watching the REALTOR Advocate for additional updates as these and other bills move forward.



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