Bill Summary for H 659 (2021-2022)

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Summary date: 

Apr 22 2021

Bill Information:

View NCGA Bill Details2021
House Bill 659 (Public) Filed Thursday, April 22, 2021
AN ACT TO EXTEND THE TIME FOR SPENDING CERTAIN WATER AND SEWER INFRASTRUCTURE FUNDS.
Intro. by Faircloth, Hardister, Carter.

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Bill summary

Amends Section 2 of SL 2020-63, which provides for reversion of the following described funds in Section 1 if not spent or encumbered by June 30, 2022. Section 1 provides that funds allocated to Guilford County and the municipalities of Oak Ridge, Stokesdale, and Summerfield for water and wastewater system improvements by Section 14.20A of SL 2016-94, as amended, that remain unspent and unencumbered are to be reallocated equally to the municipalities of Oak Ridge, Stokesdale, and Summerfield for each municipality's water infrastructure projects. Amends Section 2 to now provide for return of funds not spent or unencumbered by June 20, 2023. Effective July 1, 2021.