Bill Summary for H 203 (2023-2024)

Printer-friendly: Click to view

Summary date: 

Mar 21 2023

Bill Information:

View NCGA Bill Details2023-2024 Session
House Bill 203 (Public) Filed Thursday, February 23, 2023
AN ACT MAKING TECHNICAL CORRECTIONS AND OTHER CONFORMING AND CLARIFYING CHANGES TO THE LAWS GOVERNING THE TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM, THE LOCAL GOVERNMENTAL EMPLOYEES' RETIREMENT SYSTEM, AND TO OTHER RELATED STATUTES, AS RECOMMENDED BY THE DEPARTMENT OF STATE TREASURER.
Intro. by Wheatley, Carson Smith.

View: All Summaries for BillTracking:

Bill summary

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

Further amends GS 146-30 (pertaining to the application of net proceeds for State lands) by no longer specifying that the net proceeds derived from the sale of timber from land owned by the State in the Camp Butner reservation that is to be deposited in a capital improvement account to the credit of the Department of Public Safety must be deposited with the State Treasurer.

Repeals the following: (1) GS 143A-27 (transferring the North Carolina Firemen's Pension Fund to the Department of State Auditor); (2) GS 143A-27.1 (transferring the North Carolina Firemen's and Rescue Squad Workers' Pension Fund to the Department of State Auditor); and (3) GS 143A-29 (transferring the State Board of Pensions to the Department of State Auditor).