A BILL TO BE ENTITLED
AN ACT to reallocate certain water and sewer funding.
The General Assembly of North Carolina enacts:
SECTION 1.  Funds allocated to Guilford County and the municipalities of Oak Ridge, Stokesdale, and Summerfield for water and wastewater system improvements by Section 14.20A of S.L. 2016‑94, as amended by Section 1 of S.L. 2017‑17 and Section 2 of S.L. 2019‑75, that remain unspent and unencumbered shall, notwithstanding any provision of those acts to the contrary, be reallocated equally to the municipalities of Oak Ridge, Stokesdale, and Summerfield for each municipality's water infrastructure projects.
SECTION 2.  Funds not spent or encumbered by June 30, 2022, shall be returned by the local governments funded by this act to the Office of State Budget and Management and revert to the General Fund.
SECTION 3.  This act is effective when it becomes law.