NC H173

Modifies G.S. 147-68.1 to require banking operations costs of the Department of State Treasurer to be paid from income and assets of the funds and programs using those services, with apportionment determined by the State Treasurer.

Amends G.S. 147-69.3 to require investment program administration costs to be paid from the income and assets of the specific investment programs, with the State Treasurer determining apportionment and payment methods.

Updates G.S. 147-76 to add new subsection (a) requiring the Department of State Treasurer's administration, management, and operations costs to be accounted for in a manner determined by the State Treasurer.

Preserves existing criminal penalties in G.S. 147-76 making it a Class 1 misdemeanor for the State Treasurer to knowingly make false entries or statements with intent to defraud the State or any person.

Becomes effective upon enactment, with ratification on July 3, 2023, and approval on July 10, 2023.