NC S150

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

Commission membership includes 3 Senate members, 3 House members, 3 Governor appointees (including a public finance expert and consumer representative), the State Treasurer, State Controller, Office of State Budget and Management representative, and 4 members from banking and consumer advocacy organizations.

Requires the Commission to hold at least five public meetings in distinct geographic regions and study issues including economic development, housing and infrastructure financing, banking service costs, workforce student aid, and 529 College Savings Fund management.

Directs the Commission to examine administrative structures, regulatory frameworks, competition with retail banks, and potential earnings that could supplement the General Fund.

Commission shall submit an interim report to the 2014 session of the General Assembly and a final report by the 2014 session, terminating upon final report filing or January 1, 2015, whichever occurs first.