NC S320

Amends G.S. 159G-42 to require the Department to ensure written agreements or waivers are in place before disbursing loans or grants to water systems engaged in regionalization that serve local government units with customer bases over 5,000.

Written agreements must be approved by governing boards of both the water recipient and purchasing local government unit and state current rates and anticipated increases over the agreement term, or the purchasing unit may waive this requirement by resolution.

Allows either local government unit to request the Local Government Commission assist in resolving disputes over water purchase agreements within 90 days.

Prohibits Department disbursement of loans or grants until disputes are resolved to the Local Government Commission's satisfaction if parties fail to agree or adopt the Commission's recommendations.

Applies only to regionalization disbursements where the water system withdraws from U.S. Army Corps of Engineers reservoirs spanning at least two states with dams located outside North Carolina.