A BILL TO BE ENTITLED
AN ACT allowing joint municipal assistance agencies to make and execute contracts for periods greater than three years to achieve economy, adequacy, and reliability.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 159B‑44(13) reads as rewritten:
"(13)	To make and execute contracts and other instruments necessary or convenient in the exercise of the powers and functions of the joint municipal assistance agency, including contracts with municipalities, joint agencies, persons, firms, corporations and others, provided, however, that such contracts shall not unreasonably preclude the municipality or joint agency from contracting with other parties in order to achieve economy, adequacy and reliability in the operation of their electric systems;".
SECTION 2.  This act is effective when it becomes law.