Senate committee substitute to the 1st edition places the existing provisions into Part I of the act and adds the following content. Makes conforming changes to the act’s titles.
Part II.
Removes the specified property from Asheville’s corporate limits. Specifies that this has no effect on the validity of any of the City’s liens for ad valorem taxes or special assessments outstanding before the section’s effective date. Effective June 30, 2025. Exempts property in the described territory as of January 1, 2025, from municipal taxes imposed for taxable years beginning on or after July 1, 2025.  
Part III.
Amends GS 160D-107, applicable only to Taylortown, by requiring the Town, before adopting a development regulation imposing a commercial development moratorium within its corporate limits or extraterritorial jurisdiction, to hold two legislative hearings on different dates at the usual place and two legislative hearings on different dates at a location within the corporate limits or extraterritorial jurisdiction affected by the moratorium. Requires all four of the hearings to be held within 30 days of the final hearing.  Also allows the governing body to impose a single 60-day moratorium on commercial development within the Town’s corporate limits or extraterritorial jurisdiction which can’t be renewed or extended for any additional period. Prohibits including a portion of the area with the corporate limits or extraterritorial jurisdiction included in the initial moratorium in any subsequent moratorium unless at least five years have passed since the initial moratorium.
Voids any moratoria on commercial development currently imposed by the Town within its corporate limits or extraterritorial jurisdiction as of the effective date of the Part and prohibits any portion those areas included in the current moratorium from being included in a subsequent moratorium for five years from the Part’s effective date.
Part IV.
Amends GS 160A-272, applicable only to leases by Asheboro of city-owned property in connection with the operation of the Asheboro Municipal Airport, by extending from 10 to 40 years the cap on the amount of time that property owned by the city may be leased or rented. Makes conforming changes.
Repeals SL 1989-867, which had extended that same time period from 10 to 30 years.
Part V.
Describes the legal boundary line between Catawba and Lincoln Counties and specifies that any completed county boundary survey delivered by the North Carolina Geodetic Survey that is not consistent with that boundary is not binding on those counties.  
Requires that the described boundary be the boundary submitted to the Census Bureau in advance of the 2030 federal decennial census.
Requires that all papers, documents, and instruments required or permitted to be filed or registered related to residents or property be filed in the county where the property is located according to the boundary described in this Part. Specifies that all public records related to residents and property located in areas affected by the establishment of the boundary line above that were filed or recorded before this act's effective date in the adjoining county are valid even though they are recorded in an adjoining county where the property is not located as evidenced by the boundary above. 
Requires the boards of elections of the two counties to work together to ensure students are given a choice to remain in their current school system until they graduate from high school.
Requires the boards of elections of the two counties, immediately after July 1, 2025, to transfer the voter registration records pertaining to residents in the affected area to the adjoining county, and thereafter the transferred registered voters will be validly registered in that adjoining county.
Protects Lincoln County and Catawba County, and any of their employees, or appointed or elected officials from liability for any act or failure to act related to taxation, school attendance, land use controls, elections, or any other governmental function as it is related to the currently used boundary line.
Makes this Part effective June 20, 2025, for taxable years beginning on or after July 1, 2025.

Statutes affected:
Edition 2: 160D-107, 160A-272