Bill > H15

This bill clarifies that the inclusion of real property in a comprehensive transportation plan does not automatically constitute a material fact or required disclosure in real estate transactions. Specifically, the legislation adds a new section to state law stipulating that if a property is listed in a transportation plan that is not "financially constrained" (a term defined in federal regulations as a plan with realistic funding sources), this fact alone cannot be considered significant when selling, leasing, or exchanging property. The bill amends existing real estate disclosure laws to explicitly state that such transportation plan inclusion is not a mandatory disclosure item. However, the bill also emphasizes that real estate agents and property owners cannot knowingly make false statements about a property's inclusion in such plans. The new provisions will become effective on October 1, 2025, and will apply to legal claims filed on or after that date, providing clarity and protection for property owners in real estate transactions involving properties near potential transportation projects.

Government Affairs, Housing and Urban Affairs, Justice

https://www.ncleg.gov/BillLookUp/2025/H15