Bill > H220

This bill provides the Town of Tabor City with the ability to transfer excess funds from its wastewater utility enterprise fund to the town's general fund, specifically when the fund balance exceeds the requirements for operating and maintaining the wastewater collection, treatment, and disposal system, including closure and post-closure expenditures. The legislation is narrowly tailored to apply only to Tabor City and emphasizes that the intent is to authorize fund transfers without compromising the operational capabilities of the wastewater system. By allowing this transfer, the town can use surplus utility funds to support other municipal services and general government operations. The bill becomes effective immediately upon becoming law, giving the town immediate flexibility in managing its financial resources across different municipal funds.

Government Affairs

https://www.ncleg.gov/BillLookUp/2025/H220