North Carolina HB 220: Tabor City/Certain Public Enterprise Funds.

Bill Text

GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2025
H 1
HOUSE BILL 220

Short Title: Tabor City/Certain Public Enterprise Funds. (Local)
Sponsors: Representative B. Jones.
For a complete list of sponsors, refer to the North Carolina General Assembly web site.
Referred to: State and Local Government, if favorable, Finance, if favorable, Rules, Calendar,
and Operations of the House
February 27, 2025
*H220-v-1*
A BILL TO BE ENTITLED 1
AN ACT AUTHORIZING THE TOWN OF TABOR CITY TO TRANSFER CERTAIN 2
PUBLIC ENTERPRISE FUNDS TO THE TOWN'S GENERAL FUND TO SUPPORT 3
TOWN SERVICES. 4
The General Assembly of North Carolina enacts: 5
SECTION 1. Notwithstanding any other provision of law, a municipality may, upon 6
a finding that a fund balance in a utility or public service enterprise fund used for the operation 7
of a wastewater collection, treatment, and disposal system exceeds the requirements for funding 8
the operation of that fund, including closure and post-closure expenditures, transfer the excess 9
funds to be used to support the other services supported by the municipality's general fund. The 10
intent of this act is to authorize the transfer of funds and not to, in any way, affect the operation 11
of a wastewater collection, treatment, and disposal system. 12
SECTION 2. This act applies to the Town of Tabor City only. 13
SECTION 3. This act is effective when it becomes law. 14