NORTH CAROLINA GENERAL ASSEMBLY

1975 SESSION

CHAPTER 709

HOUSE BILL 1035

AN ACT TO FURTHER EFFECTUATE THE REORGANIZATION OF THE DEPARTMENT OF COMMERCE.

The General Assembly of North Carolina enacts:

Section 1.  There is hereby re-created and reconstituted the following principal State department to be known as the Department of Commerce with the organization, powers and duties as defined in the "Executive Organization Act of 1971", except as hereinafter amended.

Sec. 2.  G.S. 54-24.1 is hereby amended by deleting all of the second sentence thereof and inserting in lieu thereof the following sentence to read as follows:

"The members of the Savings and Loan Commission shall elect one of its members to serve as chairman of the Commission for such term as to be set forth in the bylaws of the Commission."

Sec. 3.  G.S. 54-24.1 is further amended on line 10 by deleting the word "sixth" and inserting in lieu thereof the words "sixth and seventh".

Sec. 4.  G.S. 143A-181 is hereby amended by deleting on line 3 the sentence beginning with the words "The Secretary of Commerce" and inserting in lieu thereof the following sentence to read as follows:

"The members of the Credit Union Commission shall elect one of its members to serve as chairman of the commission to serve for a term to be specified by the commission."

Sec. 5.  G.S. 143A-181 is further amended by adding a new sentence on line 8 before the word "In" and after the word and punctuation "years." to read as follows:

"The Governor shall appoint the seventh member for the same term and in the same manner as the other six members are appointed."

Sec. 6.  G.S. 143A-181 is further amended on line 16 by deleting the words "Secretary of Commerce" and inserting in lieu thereof the following:

"Chairman of the Credit Union Commission".

Sec. 7.  G.S. 117-1 is hereby rewritten as follows:

"§ 117-1.  Rural Electrification Authority created; appointments; terms of members. — An agency to be known as the North Carolina Rural Electrification Authority is hereby created as an agency of the State of North Carolina, such agency to consist of five members to be appointed by the Governor of North Carolina. Current members of the North Carolina Rural Electrification Authority shall complete their respective terms of office. On or after June 5, 1975, the Governor shall appoint two members to replace those members whose terms expire on said date. All appointments made by the Governor shall be made for terms of four years."

Sec. 8.  G.S. 117-5 is hereby rewritten to read as follows:

"§ 117-5.  Compensation and expenses. — All members of the authority, except the secretary, shall receive as compensation for their services, per diem and actual expenses incurred while in the performance of their duties in accordance with the provisions of G.S. 138-5."

Sec. 9.  This act shall become effective upon ratification.

In the General Assembly read three times and ratified, this the 23rd day of June, 1975.