Bill Summary for S 314 (2021)

Summary date: 

Jun 23 2021

Bill Information:

View NCGA Bill Details2021
Senate Bill 314 (Public) Filed Wednesday, March 17, 2021
AN ACT TO PROVIDE ADDITIONAL TOOLS FOR THE LOCAL GOVERNMENT COMMISSION TO ASSIST LOCAL GOVERNMENT UNITS AVOID AND CORRECT FISCAL DISTRESS THAT REQUIRES THAT THE IMPACT OF CHANGES TO SALES TAX DISTRIBUTION FORMULAS BE DELAYED UNTIL THE FISCAL YEAR FOLLOWING THE INITIAL DECISION; TO MANDATE THAT A STATEMENT FROM THE LOCAL GOVERNMENT COMMISSION BE INCLUDED IN THE PETITION TO THE GENERAL ASSEMBLY WHEN A NEW MUNICIPALITY IS PROPOSED; TO ADD OPTIONAL SOURCES FOR TRAINING FOR FINANCE OFFICERS; TO ALLOW THE LOCAL GOVERNMENT COMMISSION TO MANDATE SPECIALIZED TRAINING FOR CITY AND COUNTY MANAGERS WHEN A UNIT IS EXHIBITING FISCAL DISTRESS; TO ESTABLISH A PROCESS FOR A MUNICIPALITY TO INITIATE A TRANSITION TO RECOVER FROM FINANCIAL DISTRESS; AND TO ESTABLISH A PROCESS FOR THE LOCAL GOVERNMENT COMMISSION TO TRANSFER THE ASSETS, LIABILITIES, AND OTHER OBLIGATIONS AND DISSOLVE MUNICIPALITIES DETERMINED TO BE IN FINANCIAL DISTRESS.
Intro. by McInnis, Johnson, Davis.

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Bill summary

Conference report to the 5th edition makes the following changes.

Revises the proposed language replacing the content of GS 161-8 regarding attendance of the register of deeds. Regarding the requirement for the office of the register of deeds to be open for business Monday through Friday, at least 40 hours per week, now excepts emergencies, exigent circumstances, or inclement weather in addition to official State holidays from the requirement. Additionally, requires accepting instruments and documents for filing at all times when the office is open for business rather than requiring accepting instruments and documents for filing until the 5:00 p.m. required closing time. Makes the changes effective August 1, 2021 (was July 1, 2021).

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