Bill Summary for H 596 (2011-2012)
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Summary date:
Jun 16 2011
S.L. 2011-373
Bill Information:
| View NCGA Bill Details | 2011-2012 Session |
TO FACILITATE THE IDENTIFICATION OF SURPLUS STATE OWNED REAL PROPERTY; TO REQUIRE THAT THE OWNERSHIP OF THAT PROPERTY BE TRANSFERRED TO THE TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM; TO REQUIRE THE STATE TREASURER TO MANAGE THAT PROPERTY FOR THE BENEFIT OF THE STATE RETIREMENT SYSTEM; AND TO MAKE CONFORMING CHANGES TO THE GENERAL STATUTES.Intro. by Hastings, Stam, Crawford.
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Bill summary
Senate amendment makes the following changes to 3rd edition. Provides that for the 2011-13 fiscal biennium, the provisions of Section 6.15(c) of SL 2011-145 supersede the provisions of GS 146-30 as amended by the act. Provides that, for the 2011-2013 fiscal biennium, the net proceeds from the disposition of state-owned disposal assets exceeding a specified amount, may be allocated in accordance with GS 146-30 as amended by the act. These provisions are effective when the act becomes law.