Bill Summary for H 313 (2011-2012)

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Bill: REPEAL SAVINGS BOND PAYROLL SAVINGS PROGRAM.

Summary date: 

Mar 9 2011
S.L. 2011-210

Bill Information:

View NCGA Bill Details2011-2012 Session
House Bill 313 (Public) Filed Wednesday, March 9, 2011
TO REPEAL THE PAYROLL SAVINGS PROGRAM FOR SAVINGS BONDS DUE TO RECENT CHANGES MADE BY THE UNITED STATES TREASURY DEPARTMENT.
Intro. by Hastings, T. Moore.

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Bill summary

Repeals Article 32 of GS Chapter 143 to eliminate the voluntary payroll deduction plan for the purchase of United States savings bonds by state employees. Repeals GS 115C-343 to eliminate a similar voluntary plan for employees of local school administrative units.