Amends SL 1975-473 Chapter IV, of the Charter of the Town of Chapel Hill, as title indicates. Adds new Article 5, Section 4.30, allowing the Town of Chapel Hill to invest or reinvest any of the employee benefit funds held in trust, risk reserve funds, and capital reserves into one or more of the types of securities or other investments authorized by State law for the State Treasurer.
TOWN OF CHAPEL HILL INVESTMENTS.
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AN ACT AMENDING THE CHARTER OF THE TOWN OF CHAPEL HILL TO AUTHORIZE THE TOWN TO INVEST EMPLOYEE BENEFIT FUNDS HELD IN TRUST IN ONE OR MORE OF THE TYPES OF SECURITIES OR OTHER INVESTMENTS AUTHORIZED BY STATE LAW FOR THE STATE TREASURER.Intro. by Foushee.
Status: Ref To Com On Rules and Operations of the Senate (Senate action) (Feb 13 2019)
Bill History:
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Tue, 12 Feb 2019 Senate: Filed
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Wed, 13 Feb 2019 Senate: Passed 1st Reading
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Wed, 13 Feb 2019 Senate: Ref To Com On Rules and Operations of the Senate
S 49
Bill Summaries:
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Bill S 49 (2019-2020)Summary date: Feb 12 2019 - View Summary
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