AN ACT TO ALLOW more than two NONPROFIT WATER CORPORATIONS TO JOIN CERTAIN WATER AND SEWER AUTHORITIES.

The General Assembly of North Carolina enacts:

SECTION 1.  G.S. 162A‑3(a1) reads as rewritten:
"(a1)	If an authority is organized by three or more political subdivisions, it may  include in its organization nonprofit water corporations. The board of directors of a nonprofit water corporation must signify the corporation's determination to participate in the organization of the authority by adopting a resolution that meets the requirements of subsection (b) of this section. The nonprofit water corporation is not subject to the notice and public hearing requirements of subsection (a) of this section. For all other purposes of this Article, the nonprofit water corporation shall be considered to be a political subdivision."
SECTION 2.  G.S. 162A‑3.1(a1) reads as rewritten:
"(a1)	If an authority is organized by three or more political subdivisions, it may include in its organization nonprofit water corporations. The board of directors of a nonprofit water corporation must signify the corporation's determination to participate in the organization of the authority by adopting a resolution that meets the requirements of subsection (b) of this section. The nonprofit water corporation is not subject to the notice and public hearing requirements of subsection (a) of this section. For all other purposes of this Article, the nonprofit water corporation shall be considered to be a political subdivision."
SECTION 3.  This act is effective when it becomes law.
In the General Assembly read three times and ratified this the 8th day of August, 2002.

	s/	 Beverly E. Perdue
	 President of the Senate

	s/	 Joe Hackney
	 Speaker Pro Tempore of the House of Representatives

	s/	 Michael F. Easley
	 Governor

Approved 7:24 p.m. this 15th day of August, 2002