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NC S74

Bill

Official Source

Status

Passed

7/2/2021

Primary Sponsor

Valerie Jean Foushee

Click for details

Origin

Senate

2021-2022 Session

AI Summary

  • Amends the Town of Chapel Hill charter to authorize investment of employee benefit funds held in trust, risk reserve funds, and capital reserves in securities and investments allowed for the State Treasurer under North Carolina law.

  • Permits the Town, its governing body, agencies, persons, or contractors to invest in one or more types of securities or other investments authorized by G.S. 147-69.2(b)(1) through (6) and (8).

  • Investment designations must be approved from time to time by the Town's governing body.

  • Became effective upon ratification on July 2, 2021.

Legislative Description

Town of Chapel Hill Charter/Investments

Municipalities

Last Action

Ch. SL 2021-65

7/2/2021

Committee Referrals

Rules, Calendar, and Operations of the House6/29/2021
Local Government6/15/2021
Finance6/8/2021
Rules, Calendar, and Operations of the House5/13/2021
Rules and Operations of the Senate5/11/2021
Finance5/5/2021
Rules and Operations of the Senate2/10/2021

Full Bill Text

No bill text available