H1126 - 2026 DST Admin/Technical/Clarifying Changes. (SL 2026-50)

• Funds held by the Department of Revenue from the town of Speed's sales tax distribution must be released after the Local Government Commission approves a plan of action to distribute the Town's assets and liabilities.
• Extends the sunset on the town of Spencer Mountain's charter suspension from June 30, 2026, to June 30, 2029.
• Counties and municipalities wishing to appeal notifications of noncompliance with tax withholding must be scheduled to have the appeal heard in front of the Local Government Commission as soon as practicable after July 1.
• Removes the State Treasurer from the North Carolina Global Transpark Authority Board of Directors.

This Part also requires the State and Local Government Finance Division of the Department of State Treasurer to study and report on the need to update, the Local Government Budget and Fiscal Control Act.

This Part also requires actuarial notes before committees of the General Assembly that would substantially affect the cost to or the revenues of any retirement system or benefits program for State employees be produced and prepared by the actuary of the system or program proposed to be modified by the associated bill, rather than the Fiscal Research Division.

This section became effective July 7, 2026.