GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2007
SESSION LAW 2008-38
HOUSE BILL 1679
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 for a
period not exceeding three yearsand 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.
In the General Assembly read three times and ratified this the 26th day of June, 2008.
s/ Beverly E. Perdue
President of the Senate
s/ Joe Hackney
Speaker of the House of Representatives
s/ Michael F. Easley
Governor
Approved 12:05 p.m. this 1st day of July, 2008