Bill Summary for S 276 (2013-2014)

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Summary date: 

Mar 12 2013

Bill Information:

View NCGA Bill Details2013-2014 Session
Senate Bill 276 (Local) Filed Tuesday, March 12, 2013
A BILL TO BE ENTITLED AN ACT CONCERNING INVESTMENTS OF THE CITY OF CHARLOTTE.
Intro. by Clodfelter.

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Bill summary

Amends the Charlotte City Charter to allow the city to invest and reinvest the city's employee benefit funds held in securities or other investments which meet the prudent person standard of care consistent with fiduciary responsibilities to act with care, skill, prudence, and diligence under circumstances prevailing to achieve portfolio risk and return objectives.