NC S199

Increases the threshold for mandatory investment of funds held by the clerk of superior court from $2,000 to $10,000 per single account.

Requires that money in a single account exceeding $10,000 expected to remain on deposit for more than six months must be invested within 60 days in authorized securities (U.S. obligations, North Carolina state/local obligations, or insured deposits).

Allows the first $10,000 of accounts and accounts totaling less than $10,000 to be invested or administered by the clerk according to regulations set by the Administrative Officer of the Courts.

Maintains existing authorized investment options including U.S. government obligations, state and local bonds, and insured bank deposits and savings accounts.

Effective September 1, 2015; violation remains a Class 1 misdemeanor.