NC S936

Establishes a 16-member joint legislative commission to study the feasibility of creating the "North Carolina Investment Trust," a state-owned bank that would receive deposits of state funds.

Commission shall examine how such a trust could strengthen economic development, reduce state banking costs, provide financial stability, and generate excess earnings to supplement the General Fund.

Commission composition includes three senators, three representatives, three governor-appointed members (including a public finance expert and consumer representative), plus designated state officials and banking/consumer advocacy representatives.

Commission must hold at least five public meetings across distinct geographic regions and study issues including capital access for businesses, infrastructure financing, regulatory structures, competition with retail banks, and transition implementation.

Final report with legislative recommendations must be submitted by the end of the 2012 Regular Session; commission may also submit interim report before session convenes.