Bill Summary for H 220 (2025-2026)
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Summary date:
Feb 25 2025
Bill Information:
View NCGA Bill Details(link is external) | 2025-2026 Session |
AN ACT AUTHORIZING THE TOWN OF TABOR CITY TO TRANSFER CERTAIN PUBLIC ENTERPRISE FUNDS TO THE TOWN'S GENERAL FUND TO SUPPORT TOWN SERVICES.Intro. by B. Jones.
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Bill summary
Allows Tabor City, upon a finding that a fund balance in a utility or public service enterprise fund used for the operation of a wastewater collection, treatment, and disposal system exceeds the requirements for funding the operation of that fund, including closure and post-closure expenditures, to transfer the excess funds to be used to support the other services supported by the City's general fund.