Bill Summary for S 515 (2023-2024)

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Summary date: 

Apr 25 2023

Bill Information:

View NCGA Bill Details2023-2024 Session
Senate Bill 515 (Public) Filed Monday, April 3, 2023
AN ACT TO LENGTHEN THE TIME FOR WHICH THE UTILITIES COMMISSION MAY SUSPEND PROPOSED RATES OF A PUBLIC UTILITY AND WATER AND SEWER INVESTMENT PLAN IMPLEMENTATION PENDING INVESTIGATION, TO REQUIRE LOCAL GOVERNMENT WATER AND SEWER SERVICE PROVIDERS TO DETERMINE IF THE SALE OF A WATER OR SEWER SYSTEM IS IN THE PUBLIC INTEREST, AND TO REQUIRE A PUBLIC HEARING FOR CERTAIN RATES, FEES, AND CHARGES FOR CUSTOMERS OUTSIDE THE JURISDICTIONAL BOUNDARIES OF THE UNIT OF LOCAL GOVERNMENT PROVIDING THE WATER OR SEWER SERVICE.
Intro. by Sawyer, Perry, Lazzara.

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Bill summary

Senate amendment to the 3rd edition makes the following changes. Amends new GS 162A-19.1 (sale of public water or sewer system) to delete requirement that moneys paid by a private company to a local government service provider for the purchase of a water or sewer system be invested in local water, wastewater, or stormwater infrastructure or programs; or reducing or offsetting water and sewer service rates, in addition to other required purposes. Adds the requirement that any unspent funds remaining after debts and federal grant awards have been repaid must be deposited in the general fund of the local government service provider. Makes technical changes. Amends new GS 162A-19.2 (limitation on water and sewer rates charged to customers outside of the jurisdictional boundaries of the provider) to delete the requirement that such charges must be just and equitable and based on the same factors used in fixing the rates, fees, and charges for customers inside the boundaries of the local government service provider. Makes conforming changes to account for deleted text.