AN ACT TO AMEND THE CHARTER OF THE TOWN OF FONTANA DAM TO AUTHORIZE THE TOWN COUNCIL TO ESTABLISH AN ELECTRIC POWER BOARD TO MANAGE AND CONTROL THE TOWN'S ELECTRIC PUBLIC ENTERPRISE SERVICE. Enacted June 18, 2015. Effective June 18, 2015.
Summary date: Jun 18 2015 - View summary
Summary date: Jun 9 2015 - View summary
Senate committee substitute makes the following changes to the 1st edition.
Amends the composition of the five-member Town of Fontana Dam Electric Power Board, which is established in this act. Clarifies that two of the members must be residents of the Town of Fontana Dam and requires that there be three at-large members, who may reside outside of the Town but must be residents of the state of North Carolina (was, required two members to be Town residents and all members to be residents of Graham County).
Summary date: Mar 31 2015 - View summary
Adds an Article to the Town of Fontana Dam's Charter, SL 2011-110, establishing the Town of Fontana Dam Electric Power Board, as the title indicates. Makes the new Article effective only if: (1) the Fontana Village Resort approves the transfer of the electric power grid under its ownership and control to the Town of Fontana Dam and (2) the Town Council of the Town of Fontana Dam, in its discretion and by majority vote, approves the operation of an electric utility system.