AG 2009 04 20 - Laserfiche WebLink

Home Browse Search

General Assembly of North Carolina Session 2009 1 ~ To purchase or finance real or personal property in the manner provided for t 2 cities and counties under G.S. 160A-20. 3 ~ With the approval of any unit of local government, to use officers, 4 employees agents and facilities of the unit of local government for the 5 purposes and upon the terms as may be mutually agreeable. 6 22 To issue obligations without Local Government Commission approval, to 7 finance the purchase or acquisition of land or options on land, or the 8 construction of buildings or facilities. An obligation may be secured by the 9 land purchased or acquired, or by the buildings or facilities constructed, may 10 be unsecured or may be made payable from revenues, the proceeds of notes, 11 bonds or the sale of any lands, the proceeds of any bonds of the State or 12 moneys appropriated by the State, or any other available moneys of the 13 Trust. An obligation to finance the purchase or acquisition of land or options 14 on land or the construction of buildings or facilities, maybe sold onl t 15 Escheat Fund as an investment of the Fund pursuant to G.S. 147-69.2(b)(11). 16 23 To receive and use appropriations from the State, including an appropriation 17 from the proceeds of State general obligation bonds or notes. 18 ~ To execute the powers provided in subsection (a) of this section, the Board shall 19 determine the policies of the Trust b~jority vote of the members of the Board present and 20 voting a quorum having been established. Once a policy is determined, the Board shall 21 communicate it to the executive director who shall have the sole and exclusive authorit~to 22 execute the polic y of the Trust. No member of the Board shall have the responsibility or 23 authority_to ig ve operational directives to any employee of the Trust other than the executive 24 director. 25 ~ If the Yadkin River Trust acquires the Yadkin Project as provided in this Article, in 26 addition to other r owers and duties, the Trust shall: 27 ~ Conduct environmental testing and assessment of all properties located in 28 29 Stanly County currently or formerly owned and operated by Alcoa Power Generating, Inc., or Alcoa, Inc., and its subsidiaries, in order to evaluate 30 dan eg r to public health or the environment. 31 ~ Require remediation of contamination at the Badin Works site located in 32 Stanly County to levels over and above the minimum levels that Alcoa or its 33 subsidiaries would be required to perform under current law in order to 34 restore the contaminated land and water to multiple use purposes. 35 ~ Establish a remediation fund to perform necessary environmental testin ag_nd 36 remediation of hazardous waste sites in the Yadkin River Basin, excluding +1 37 properties owned or under the control of Alcoa Power Generating, Inc., or 38 Alcoa, Inc., and its subsidiaries. 39 ~, Install aeration technology in association with the Yadkin Project to increase 40 dissolved oxygen levels and improve water quality in the Yadkin River. 41 ~5,~ Institute operational changes to the Yadkin Project that will retain more 42 water in High Rock Lake and provide a consistent flow of water to 43 downstream water users. 44 ~ Extend the recreation season at Huh Rock Lake by three months from April 45 1 to October 31. 46 ~ Implement a comprehensive drought mans e~plan, or "Low Inflow 47 Protocol," that requires the Trust to reduce power generation and send less 48 water downstream when certain drought-related triggers are reached. 49 ~8,~ Develop and maintain new or expanded public recreation facilities across the 50 Yadkin River, including; a new public swim area in Rowan Coun ,new Attachment number 3 Page 6 5967 [~ai4 of 320 F-2 '