A BILL TO BE ENTITLED
AN ACT providing that the cities and Towns that are members of the north carolina eastern MUNICIPAL power agency shall use revenue derived from rates for electric service for paying the direct and indirect costs of OPERATING the ELECTRIC system, TRANSFERRING amounts that REPRESENT a rate of return on the investment in the electric system, and making DEBT service payments.
The General Assembly of North Carolina enacts:
SECTION 1.  Section 2 of S.L. 2011‑129 reads as rewritten:
"SECTION 2.  This act applies only to the cities and towns that are members of the North Carolina Eastern Municipal Power Agency."
SECTION 2.  This act becomes effective July 1, 2013.