Bill Summary for S 1076 (2025-2026)

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Bill: ROCKY MOUNT/LOUISBURG UTILITY REV./ADVISORY (NEW)

Summary date: 

Jul 6 2026
S.L. 2026-27

Bill Information:

View NCGA Bill Details2025-2026 Session
Senate Bill 1076 (Local) Filed Tuesday, May 5, 2026
AN ACT TO PROHIBIT THE CITY OF ROCKY MOUNT FROM TRANSFERRING THE REVENUES OF ITS ELECTRIC AND NATURAL GAS SYSTEMS TO OTHER MUNICIPAL FUNDS; TO ESTABLISH A PUBLIC UTILITIES ADVISORY COMMITTEE IN THE CITY OF ROCKY MOUNT; TO PROHIBIT THE TOWN OF LOUISBURG FROM TRANSFERRING THE REVENUES OF ITS ELECTRIC SYSTEM TO OTHER MUNICIPAL FUNDS; AND TO DISALLOW THE TOWN OF LOUISBURG FROM USING REVENUE DERIVED FROM RATES FOR ELECTRIC SERVICE FOR ECONOMIC DEVELOPMENT PROJECTS.
Intro. by Barnes, B. Newton, Moffitt.

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Bill summary

AN ACT TO PROHIBIT THE CITY OF ROCKY MOUNT FROM TRANSFERRING THE REVENUES OF ITS ELECTRIC AND NATURAL GAS SYSTEMS TO OTHER MUNICIPAL FUNDS; TO ESTABLISH A PUBLIC UTILITIES ADVISORY COMMITTEE IN THE CITY OF ROCKY MOUNT; TO PROHIBIT THE TOWN OF LOUISBURG FROM TRANSFERRING THE REVENUES OF ITS ELECTRIC SYSTEM TO OTHER MUNICIPAL FUNDS; AND TO DISALLOW THE TOWN OF LOUISBURG FROM USING REVENUE DERIVED FROM RATES FOR ELECTRIC SERVICE FOR ECONOMIC DEVELOPMENT PROJECTS. SL 2026-27. Enacted July 2, 2026. Effective July 2, 2026, except as otherwise provided.