Rocky Mount/Louisburg Utility Rev./Advisory.
This bill restricts the City of Rocky Mount from using money earned by its electric utility to fund general city expenses beyond specific operational needs. It mandates that revenue from electric rates must primarily cover the costs of running the power system, paying off related debts, and keeping rates low for customers. The only exception allows the city to transfer a limited amount of surplus funds to other municipal accounts, capped at the greater of 3% of the system's assets or 5% of its annual revenue. Effective July 1, 2026, these rules apply exclusively to Rocky Mount, preventing the transfer of electric utility profits to the city's general fund for unrelated purposes.
Bill status
signed
all 5 stages cleared
Introduction
May 2026
Committee Review
Jul 2026
Senate Passage
May 2026
House Passage
Jun 2026
Signed into Law
Jul 2026
Introduced May 5, 2026
Signed Jul 2, 2026
Maddy AI version diff · 5 comparisons
What changed between versions
Ratified
→
SL 2026-27
·
2 edits
MINOR
The bill's status has been updated from 'Ratified' to 'Session Law 2026-27', indicating it has officially become part of the state code for the 2026-27 session. Additionally, the bill's version number has been incremented from v-4 to v-5, reflecting a revision in the legislative process.
Scope change
The bill's scope and applicability remain unchanged; the text continues to prohibit the City of Rocky Mount from transferring funds to reimburse costs allocated to the electric system.
TECHNICAL
The bill title was updated to reflect its new status as Session Law 2026-27 instead of a Ratified Bill.
The bill version number was updated from v-4 to v-5.
Floor votes · Senate Jul 1, 2026 · House Jun 30, 2026
How they voted
39–17
Passed · 3 other
Total votes 59
Jul 1, 2026
D
Democratic25
68% Nay
R
Republican34
97% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
35
Key actions
9
Committee
11
Amendments
1
Jul 1, 2026
Senate · Passed
Senate Vote: pass (39-17-3)
senate
Jul 1, 2026
Upper · Passed
Concurred In H Com Sub
upper
Jul 1, 2026
Committee
Ref To Com On Rules and Operations of the Senate
upper
Jun 30, 2026
Lower · Passed
Passed 3rd Reading
lower
Jun 24, 2026
Lower · Passed
Reptd Fav
lower
Jun 23, 2026
Committee
Re-ref Com On Rules, Calendar, and Operations of the House
lower
Jun 23, 2026
Lower · Passed
Reptd Fav Com Substitute
lower
Jun 15, 2026
Committee
Re-ref to the Com on State and Local Government, if favorable, Rules, Calendar, and Operations of the House
lower
May 19, 2026
Committee
Ref To Com On Rules, Calendar, and Operations of the House
lower
May 19, 2026
Upper · Passed
Passed 3rd Reading
upper
May 19, 2026
Upper · Passed
Reptd Fav
upper
May 12, 2026
Committee
Re-ref Com On Rules and Operations of the Senate
upper
May 12, 2026
Upper · Passed
Com Substitute Adopted
upper
May 12, 2026
Upper · Passed
Reptd Fav Com Substitute
upper
May 6, 2026
Committee
Re-ref to State and Local Government. If fav, re-ref to Rules and Operations of the Senate
upper
May 6, 2026
Committee
Ref To Com On Rules and Operations of the Senate
upper
May 5, 2026
Introduced
Filed
upper
2 primary · 2 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Buck Newton
RRepublican
P
Lisa Barnes
RRepublican
Co
Norman Sanderson
RRepublican
Co
Tim Moffitt
RRepublican
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