GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2001
SESSION LAW 2002-76
HOUSE BILL 148
AN ACT TO ALLOW more than two NONPROFIT WATER CORPORATIONS TO JOIN CERTAIN WATER AND SEWER AUTHORITIES.
The General Assembly of North Carolina enacts:
SECTION 1. G.S. 162A-3(a1) reads as rewritten:
"(a1) If an authority is organized by
three or more political subdivisions, it may include in its organization up
to two nonprofit water corporations. The board of directors of a nonprofit
water corporation must signify the corporation's determination to participate
in the organization of the authority by adopting a resolution that meets the
requirements of subsection (b) of this section. The nonprofit water corporation
is not subject to the notice and public hearing requirements of subsection (a)
of this section. For all other purposes of this Article, the nonprofit water
corporation shall be considered to be a political subdivision."
SECTION 2. G.S. 162A-3.1(a1) reads as rewritten:
"(a1) If an authority is organized by
three or more political subdivisions, it may include in its organization up
to two nonprofit water corporations. The board of directors of a nonprofit
water corporation must signify the corporation's determination to participate
in the organization of the authority by adopting a resolution that meets the
requirements of subsection (b) of this section. The nonprofit water corporation
is not subject to the notice and public hearing requirements of subsection (a)
of this section. For all other purposes of this Article, the nonprofit water
corporation shall be considered to be a political subdivision."
SECTION 3. This act is effective when it becomes law.
In the General Assembly read three times and ratified this the 8th day of August, 2002.
s/ Beverly E. Perdue
President of the Senate
s/ Joe Hackney
Speaker Pro Tempore of the House of Representatives
s/ Michael F. Easley
Governor
Approved 7:24 p.m. this 15th day of August, 2002