Senate Bill 310 Summary

• Permits State Treasurer to invest in Sudan and South Sudan to the extent allowed by federal law or when investments are part of index funds, commingled funds, limited partnerships, or derivative instruments.

• Excludes beneficial ownership through index funds, index replication strategies, commingled funds, limited partnerships, and derivative instruments from the definition of "investment" under divestment laws.

• Repeals Article 6D of Chapter 147 of the General Statutes (specific provisions related to state investment programs).

• Requires local governments entering public-private partnership construction contracts to obtain Local Government Commission approval prior to executing development contracts if financing is involved.

• Removes requirement for charter schools to submit to Local Government Commission review of audit reports, contracts, and invoices; eliminates Local Government Commission oversight of charter school financial reporting and accountability.

• Changes UNC Health Care System property acquisition reporting requirement from submission to "Governor and Council of State" to submission to "Governor" only.