Identical to H 173, filed 2/22/23.
Amends GS 147-68.1 to require the cost of banking operations of the Department of State Treasurer (Department) to be apportioned and paid equitably among the funds and programs using the Department's services, as prescribed by the State Treasurer. Requires the income and assets of the funds and programs using the Department's services to pay the cost of banking operations to the extent the costs are not otherwise chargeable directly to the income or assets of a specific fund or program (no longer requiring deposits with the Treasurer as a general fund nontax revenue and costs to be covered by appropriations to the State Treasurer in the Appropriations Act). Directs apportionment and payment to be accounted for in a manner determined by the State Treasurer.
Amends GS 147-69.3 to require the cost of administering the State Treasurer's investment programs to be apportioned and paid equitably among the established programs in a manner prescribed by the State Treasurer. Requires the administration costs to be paid from the income and assets of a particular investment program when not otherwise chargeable directly to the income or assets of the program (no longer requiring deposits with the Treasurer as a General Fund nontax revenue and appropriations to cover costs not directly paid from the income or assets of the particular program). Directs apportionment and payment to be accounted for in a manner determined by the State Treasurer.
Amends GS 147-76, changing the statute's caption. Adds a new provision deeming the cost of administration, management, and operations of the Department to be accounted for in a manner determined by the State Treasurer. Makes technical changes.
TREASURY ADMINISTRATIVE CHANGES ACT.-AB
Printer-friendly: Click to view
View NCGA Bill Details | 2023-2024 Session |
AN ACT MAKING CLARIFYING AND ADMINISTRATIVE CHANGES TO LAWS RELATING TO THE DEPARTMENT OF STATE TREASURER'S BANKING OPERATIONS AND INVESTMENT PROGRAMS, AS RECOMMENDED BY THE DEPARTMENT OF STATE TREASURER.Intro. by Krawiec, Ford.
Status: Re-ref to the Com on Pensions and Retirement, if favorable, Rules, Calendar, and Operations of the House (House action) (May 22 2023)
Bill History:
-
Tue, 4 Apr 2023 Senate: Filed
-
Wed, 5 Apr 2023 Senate: Passed 1st Reading
-
Wed, 5 Apr 2023 Senate: Ref To Com On Rules and Operations of the Senate
-
Mon, 17 Apr 2023 Senate: Withdrawn From Com
-
Wed, 19 Apr 2023 Senate: Reptd Fav
-
Wed, 19 Apr 2023 Senate: Re-ref Com On Rules and Operations of the Senate
-
Tue, 25 Apr 2023 Senate: Reptd Fav
-
Wed, 26 Apr 2023 Senate: Passed 2nd Reading
-
Wed, 26 Apr 2023 Senate: Passed 3rd Reading
-
Thu, 27 Apr 2023 Senate: Regular Message Sent To House
-
Thu, 27 Apr 2023 House: Regular Message Received From Senate
-
Mon, 1 May 2023 House: Passed 1st Reading
-
Mon, 22 May 2023 House: Withdrawn From Com
S 559
Bill Summaries:
-
Bill S 559 (2023-2024)Summary date: Apr 4 2023 - View Summary
View: All Summaries for Bill