Prohibits the City of Rocky Mount from transferring electric system revenues to other municipal funds.
This bill amends the General Statutes of North Carolina to restrict the City of Rocky Mount from transferring revenues from its electric system to other municipal funds. It specifies that electric system revenues can only be used for operating costs, debt service, capital improvements, and other authorized purposes. The bill becomes effective July 1, 2026.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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