S1076 is a bill in the North Carolina Legislature (2025-2026 Session): Rocky Mount/Louisburg Utility Rev./Advisory.

What is the status of S1076?

Signed into law as of July 2, 2026. Latest action: Ch. SL 2026-27 (July 2, 2026).

Barnes, Lisa S. (R, 11), with 3 co-sponsors.

Where is the official record for S1076?

On the North Carolina Legislature website: https://www.ncleg.gov/BillLookUp/2025/S1076

North Carolina legislation · 2025-2026 Session

North Carolina S1076: Rocky Mount/Louisburg Utility Rev./Advisory.

Q: What does S1076 do?

In its own words: An act to prohibit the city of rocky mount from transferring the revenues of its electric and natural gas systems to other municipal funds; to establish a public utilities advisory committee in the city of rocky mount; to prohibit the town of louisburg from transferring the revenues of its electric system to other municipal funds; and to disallow the town of louisburg from using revenue derived from rates for electric service for economic development projects.

Status: Signed into law, July 2, 2026

What the bill says

An act to prohibit the city of rocky mount from transferring the revenues of its electric and natural gas systems to other municipal funds; to establish a public utilities advisory committee in the city of rocky mount; to prohibit the town of louisburg from transferring the revenues of its electric system to other municipal funds; and to disallow the town of louisburg from using revenue derived from rates for electric service for economic development projects.

From the introduced text:

AN ACT TO PROHIBIT THE CITY OF ROCKY MOUNT FROM TRANSFERRING THE REVENUES OF ITS ELECTRIC AND NATURAL GAS SYSTEMS TO OTHER MUNICIPAL FUNDS; TO ESTABLISH A PUBLIC UTILITIES ADVISORY COMMITTEE IN THE CITY OF ROCKY MOUNT; TO PROHIBIT THE TOWN OF LOUISBURG FROM TRANSFERRING THE REVENUES OF ITS ELECTRIC SYSTEM TO OTHER MUNICIPAL FUNDS; AND TO DISALLOW THE TOWN OF LOUISBURG FROM USING REVENUE DERIVED FROM RATES FOR ELECTRIC SERVICE FOR ECONOMIC DEVELOPMENT PROJECTS. The General Assembly of North Carolina enacts: SECTION 1.(a) G.S. 159B-39 reads as rewritten: "§ 159B-39. Permitted uses of revenue from electric power rates. (a) A municipality as authorized in this Chapter shall use revenue derived from rates for electric service to (i) pay the direct and indirect costs of operating the electric system and (ii) transfer to other funds of the municipality a sum that reflects a rate of return on the investment in the electric system to the extent allowed in subsection (c) of this section. system. Any remaining revenue shall be used to produce lower rates on electric service within the area served by the municipal electric system and to make additional debt service payments on bonds or other indebtedness incurred by the municipality to finance improvements to the electric system. A municipality shall not otherwise transfer revenue from an electric utility …

Read the full official text

North Carolina S1076: Rocky Mount/Louisburg Utility Rev./Advisory.

What the bill says

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