GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2005
SESSION LAW 2006-63
HOUSE BILL 2289
AN ACT amending the charter of the city of asheville relating to an agreement making a full and final settlement of disputed matters relating to the amount of franchise tax due the city by two public utilities.
The General Assembly of North Carolina enacts:
SECTION 1. The language added to Section 389 of Chapter 16 of the Private Laws of 1923 by Chapter 652 of the 1993 Session Laws reads as rewritten:
"; provided, however, the imposition and payment of
taxes, authorized by this section, on and by Carolina Power & Light Company
and Public Service Company of North Carolina, Inc., their successors or
assigns, shall be governed by that Agreement dated the 24th day of May 1994, by
and among the City of Asheville, Carolina Power & Light Company, and Public
Service Company of North Carolina, Inc., which Agreement was approved and
authorized to be executed by the Asheville City Council by its Resolution
Number 94-96, and which Agreement is spread upon the official minutes of the
City Council of the same date. date; provided that said Agreement has
been amended by Amendment to Agreement dated the 22nd day of November 2005 by
and among the City of Asheville and Carolina Power & Light Company, with
the consent of Public Service Company of North Carolina, Inc., which Amendment
was approved and authorized to be executed by the Asheville City Council by its
Resolution Number 05-218, and which Amendment is spread upon the official
minutes of the City Council of the same date."
SECTION 2. This act is effective when it becomes law.
In the General Assembly read three times and ratified this the 6th day of July, 2006.
s/ Beverly E. Perdue
President of the Senate
s/ James B. Black
Speaker of the House of Representatives