NORTH CAROLINA GENERAL ASSEMBLY

1975 SESSION

 

 

CHAPTER 549

SENATE BILL 719

 

 

AN ACT TO AMEND THE LOCAL GOVERNMENT BOND ACT TO PROVIDE THAT PROVIDING FACILITIES FOR THE PRODUCTION OF GAS IS A PURPOSE FOR WHICH BONDS MAY BE ISSUED BY A CITY AND TO AMEND G.S. 160A-311 TO PROVIDE THAT THE TERM "PUBLIC ENTERPRISE" INCLUDES GAS PRODUCTION, STORAGE AND TRANSMISSION SYSTEMS.

 

The General Assembly of North Carolina enacts:

 

Section 1.  G.S. 159-48(d)(4), as enacted by Chapter 780 of the Session Laws of 1971, as amended by Chapters 494 and 1037 of the Session Laws of 1973, and as the same appears in the 1974 Cumulative Supplement to Volume 3D of the General Statutes, is amended by inserting the word "production" between the words "facilities for the" and the word "storage", so that G.S. 159-48(d)(4) reads as follows:

"(4)      Providing gas systems, including without limitation facilities for the production, storage, transmission and distribution of gas."

Sec. 2.  G.S. 160A-311(4) is amended by inserting the words "production, storage, transmission, and" between the words "Gas" and "distribution", so that G.S. 160A-311(4) reads as follows:

"(4)      Gas production, storage, transmission, and distribution systems;".

Sec. 3.  This act shall be in full force and effect from and after its ratification.

In the General Assembly read three times and ratified, this the 11th day of June, 1975.