FUNDS DEPOSITED WITH CLERK OF COURT.

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View NCGA Bill Details2015-2016 Session
Senate Bill 199 (Public) Filed Monday, March 9, 2015
AN ACT TO INCREASE THE AMOUNT OF FUNDS IN A SINGLE ACCOUNT ON DEPOSIT WITH THE CLERK OF SUPERIOR COURT ABOVE WHICH THE EXCESS MUST BE INVESTED PURSUANT TO STATUTORY REQUIREMENTS.
Intro. by Randleman.
Status: Ch. SL 2015-216 (Senate Action) (Aug 18 2015)

Bill History:

S 199/S.L. 2015-216

Bill Summaries:

  • Bill S 199 (2015-2016)
    Summary date: Aug 24 2015 - View Summary

    AN ACT TO INCREASE THE AMOUNT OF FUNDS IN A SINGLE ACCOUNT ON DEPOSIT WITH THE CLERK OF SUPERIOR COURT ABOVE WHICH THE EXCESS MUST BE INVESTED PURSUANT TO STATUTORY REQUIREMENTS. Enacted August 18, 2015. Effective September 1, 2015.

    Courts/Judiciary, Court System
    GS 7A
  • Bill S 199 (2015-2016)
    Summary date: Aug 5 2015 - View Summary

    House amendment makes the following changes to the 2nd edition.

    Amends GS 7A-112(b) to require Clerks of Superior Court to invest funds that exceed $10,000 (was, $5,000) in a single account within 60 days of receipt when it is reasonably expected that the money will remain on deposit with the clerk for more than six months from date of receipt (previously, required funds in excess of $5,000 to be invested). Requires that the first $10,000 (was, first $5,000) received by a clerk and money in an account totaling less than $10,000 (was, totaling less than $5,000) be invested and administered in accordance with regulations promulgated by the Administrative Officer of the Courts. 

    Changes the effective date of the act to September 1, 2015 (was, July 1, 2015).

    Courts/Judiciary, Court System
    GS 7A
  • Bill S 199 (2015-2016)
    Summary date: Jun 10 2015 - View Summary

    House committee substitute makes the following changes to the 1st edition.

    Further amends existing language in GS 7A-112 to make language gender neutral.

    Courts/Judiciary, Court System
    GS 7A
  • Bill S 199 (2015-2016)
    Summary date: Mar 9 2015 - View Summary

    Amends GS 7A-112(b) to require Clerks of Superior Court to invest funds that exceed $5,000 in a single account within 60 days of receipt when it is reasonably expected that the money will remain on deposit with the clerk for more than six months from date of receipt (previously, required funds in excess of $2,000 to be invested). Requires that the first $5,000 (was, first $2,000) received by a clerk and money in an account totaling less than $5,000 be invested and administered in accordance with regulations promulgated by the Administrative Officer of the Courts. Makes technical changes.  

    Effective July 1, 2015

    Courts/Judiciary, Court System
    GS 7A
View: All Summaries for Bill