Contains whereas clauses.

Directs the Environmental Finance Center at the University of North Carolina at Chapel Hill School of Government (EFC) to study and report on the benefits, costs, and financial, statutory, or regulatory obstacles to regionalization of water and wastewater services across the State.  Tasks EFC to provide recommendations on the following matters:

• Legislative or regulatory changes in financial, auditing, or oversight requirements imposed on public water and wastewater systems that will lead to more informed decision making on financial stability of those systems, and the potential of various regionalization measures to address financial instability.
• Particular public water or wastewater systems in the State that would benefit significantly from various regionalization measures.

Defines public water system and wastewater system. Requires EFC to consult with various stakeholders, including the State Water Infrastructure Authority, and any other entity the EFC finds relevant to the issues it’s studying. Directs EFC to report its findings and recommendations to the specified NCGA committees by no later than April 1, 2026.