Bill Summary for S 623 (2023-2024)
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| View NCGA Bill Details | 2023-2024 Session |
AN ACT TO STANDARDIZE RULES REGARDING ELECTRIC FUND TRANSFERS.Intro. by Johnson.
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Amends GS 159B-39, which addresses permitted uses of revenue from electric power rates. Amends the statute so that it applies only to cities and towns that are members of a municipal power agency; removes specifically identified cites and towns. Effective July 1, 2026.