GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1999

S	1 

SENATE BILL 266

Short Title:  Future of Electric Service/Funding.	(Public)

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Sponsors:  Senator Hoyle.

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Referred to:  Appropriations/Base Budget.

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March 8, 1999

A BILL TO BE ENTITLED
AN ACT TO PROVIDE FOR REIMBURSEMENT OF ADDITIONAL EXPENSES OF THE COMMISSION ON THE FUTURE OF ELECTRIC SERVICE IN NORTH CAROLINA FROM THE UTILITIES COMMISSION AND PUBLIC STAFF FUND.
The General Assembly of North Carolina enacts:
Section 1.  Section 10.1 of S.L. 1997-483 reads as rewritten:
"Section 10.1.  Notwithstanding G.S. 62-302(d), all expenses during the 1997-98, 1998-99, and 1999-2000 fiscal years of the Study Commission on the Future of Electric Service in North Carolina, established in S.L. 1997-40, shall be reimbursed from funds in the Utilities Commission and Public Staff Fund.  There is allocated initially one hundred thousand dollars ($100,000) from the Utilities Commission and Public Staff Fund to the General Assembly for the purpose of enabling the Study Commission on the Future of Electric Service in North Carolina to organize and begin its work.  Upon the certification of the need for additional funds by the cochairs of the Study Commission on the Future of Electric Service in North Carolina for the work of the Commission, the Utilities Commission shall transfer the additional funds from the Utilities Commission and Public Staff Fund to the General Assembly for that purpose."
Section 2.  This act becomes effective July 1, 1999.