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GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2011
H D
HOUSE DRH11325-TDz-14D* (03/07)
Short Title: NCEMPA/Use of Rate Revenue. |
(Public) |
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Sponsors: |
Representative Brawley. |
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Referred to: |
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A BILL TO BE ENTITLED
AN ACT providing that the cities and Towns that are members of the north carolina eastern MUNICIPAL power agency shall use revenue derived from rates for electric service for paying the direct and indirect costs of OPERATING the ELECTRIC system, TRANSFERRING amounts that REPRESENT a rate of return on the investment in the electric system, and making DEBT service payments.
The General Assembly of North Carolina enacts:
SECTION 1. Section 2 of S.L. 2011-129 reads as rewritten:
"SECTION 2. This act only applies to the
towns of Clayton, Selma, and Smithfield. This act applies only to the
cities and towns that are members of the North Carolina Eastern Municipal Power
Agency."
SECTION 2. This act becomes effective July 1, 2013.