Bill Summary for H 596/SL 2011-373 (2011-2012)
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Summary date:
Jun 30 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
AN ACT TO REQUIRE THAT THE PROCEEDS OF CERTAIN DISPOSITIONS OF STATE-OWNED REAL PROPERTY BE USED IN PART TO SUPPORT THE GENERAL FUND, IN PART TO SUPPORT THE TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM OF NORTH CAROLINA, AND IN PART TO SUPPORT THE AGENCIES TO WHICH THE PROPERTY WAS ALLOCATED; AND TO APPROPRIATE FUNDS FOR THESE PURPOSES. Summarized in Daily Bulletin 4/5/11, 5/19/11, 5/23/11, and 6/16/11. Enacted June 27, 2011. Sections 1 and 2 are effective July 1, 2011. The remainder is effective June 27, 2011.