Amends the Charlotte City Charter to allow the city to invest and reinvest the city's employee benefit funds held in securities or other investments which meet the prudent person standard of care consistent with fiduciary responsibilities to act with care, skill, prudence, and diligence under circumstances prevailing to achieve portfolio risk and return objectives.
CHARLOTTE CHARTER/INVESTMENTS.
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View NCGA Bill Details | 2013-2014 Session |
A BILL TO BE ENTITLED AN ACT CONCERNING INVESTMENTS OF THE CITY OF CHARLOTTE.Intro. by Clodfelter.
Status: Ref To Com On State and Local Government (Senate Action) (Mar 13 2013)
Bill History:
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Tue, 12 Mar 2013 Senate: Filed
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Wed, 13 Mar 2013 Senate: Passed 1st Reading
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Wed, 13 Mar 2013 Senate: Ref To Com On State and Local Government
S 276
Bill Summaries:
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Bill S 276 (2013-2014)Summary date: Mar 12 2013 - View Summary
View: All Summaries for Bill