Bill Summary for S 472 (2011-2012)

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Summary date: 

Jun 21 2012

Bill Information:

View NCGA Bill Details2011-2012 Session
Senate Bill 472 (Public) Filed Wednesday, March 30, 2011
TO AUTHORIZE ADDITIONAL CONNECTIONS TO WATER SUPPLY LINES FUNDED BY THE CLEAN WATER AND NATURAL GAS CRITICAL NEEDS BOND ACT OF 1998.
Intro. by Purcell.

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Bill summary

House committee substitute makes the following changes to 2nd edition. Deletes all the provisions of the 2nd edition and replaces it with AN ACT REGARDING THE OPERATION OF PUBLIC ENTERPRISES BY THE CITY OF KINSTON.
Section 1 of this act amends GS 160A-312 regarding the authority to operate public enterprises. Requires that Kinston regulate and protect its operations of public enterprises via rules adopted by ordinance and adds parameters for those rules. Provides criteria for having a separate fund for a public enterprise and for use of such funds. Directs that any assets, liabilities, or equity in a public enterprise owned or operated by the city during the 2011-12 fiscal year be transferred to a separate fund as required under GS 160A-312, as amended by this act, when the act becomes law.
Prohibits the application of the provisions of Section 1 to the operation of specified systems and facilities as public enterprises. Applies only to the City of Kinston. Provides that the amendments to GS 160A-312 apply to fiscal year 2013-14 and thereafter; however, permits Kinston to implement any rate changes required by the section over a two-year period from the effective date.