NORTH CAROLINA GENERAL ASSEMBLY

1975 SESSION

 

 

CHAPTER 113

SENATE BILL 239

 

 

AN ACT TO ALLOW FOR BROADER INVESTMENTS OF THE ESCHEAT FUND.

 

The General Assembly of North Carolina enacts:

 

Section 1.  G.S. 116A-8(c), as the same appears in the 1974 Cumulative Supplement to Volume 3A of the General Statutes, is hereby amended on lines one and two by deleting the words "in his discretion, as provided for State funds generally.", and inserting in lieu thereof the following: "in the same manner that the Board of Trustees Teachers' and State Employees' Retirement System may invest and reinvest under the provisions of G.S. 135-7 and G.S. 135‑7.1."

Sec. 2.  This act shall become effective upon ratification.

In the General Assembly read three times and ratified, this the 8th day of April, 1975.