Senate committee substitute makes the following changes to the 1st edition.

Provides that the governing board of Centerville is continued in office for 30 days after the date it completes liquidation of the Town's assets and liabilities and submits its final audit to the Department of State Treasurer and any other required financial reports. Provides that any net assets of the Town be paid over to Fire and Rescue Association, Inc., of Centerville, North Carolina, which shall use the funds for some public purpose.