§42‑14.1. Rent control.
No county or city as definedby G.S. 160A‑1 may enact, maintain, or enforce any ordinance orresolution which regulates the amount of rent to be charged for privatelyowned, single‑family or multiple unit residential or commercial rentalproperty. This section shall not be construed as prohibiting any county orcity, or any authority created by a county or city for that purpose, from:
(1) Regulating in anyway property belonging to that city, county, or authority;
(2) Entering intoagreements with private persons which regulate the amount of rent charged forsubsidized rental properties; or
(3) Enacting ordinancesor resolutions restricting rent for properties assisted with CommunityDevelopment Block Grant Funds. (1987, c. 458, s. 1.)