NC H301

Authorizes the State Treasurer to invest up to 20% of Escheat Fund assets in long-term illiquid investments, including those with North Carolina connections, beyond standard investment limitations.

Requires the State Treasurer to engage a third-party professional actuary or consultant annually to evaluate the Escheat Fund's financial status, investment returns, and claims, with costs charged to the Fund.

Mandates annual reporting by December 31 to the Governor, legislative leaders, and committee chairs assessing the Fund's endowment potential and recommending annual scholarship, loan, and grant funding amounts.

Permits an additional 10% of Escheat Fund net assets to be invested in North Carolina-based businesses using authorized Retirement System investment structures.

Clarifies that existing investments remain authorized even if market values or ratings change, and investment percentages are calculated based on the most recent fiscal quarter valuations.