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
House Bill 220 (Local) Filed Tuesday, February 25, 2025
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.