A.__The authority may select and describe the location of the foreign trade zone, make rules and take other actions concerning the operation, maintenance and policing of the zone as necessary to comply with the federal Foreign Trade Zones Act and the regulations promulgated under that Act.

B.__The authority may lease or may erect, maintain and operate structures, buildings or enclosures necessary for the establishment and operation of foreign trade zones.

3.__Other tax-free provisions.__The authority may establish a Freeport area at Brunswick Naval Air Station in which personal property in transit is exempt from the provisions of the stock- in-trade tax and other taxes and customs normally levied in a port of entry.__For the purposes of this section, personal property in transit through the Freeport area established by the authority includes goods, wares and merchandise that:

A.__Are moving in interstate or international commerce through or over the Freeport areas established;

B.__Are consigned from outside the State to a public or private warehouse within the State, whether that consignment is specified before or after transportation; or

C.__Do not lose their tax-exempt status because, while in a warehouse, they are assembled, bound, joined, processed, disassembled, divided, cut, broken in bulk, relabeled or repackaged.__The warehouse in which the goods, wares and merchandise are stored may not be owned in whole or in part by either the consignee or the consignor.__The tax-exemption granted may be liberally construed to effect the purposes of this article.

§13083-R.__Termination of the authority

The authority is not dissolved until:

1.__Legislature provides for termination.__It is terminated by the Legislature; and

2.__Payment of bonds, premiums and interest.__The bonds, premium, if any, and interest have been paid or a sufficient amount for the payment of the bonds and interest to maturity or a