Bill Summary for H 1137 (2015-2016)

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Summary date: 

May 31 2016

Bill Information:

View NCGA Bill Details2015-2016 Session
House Bill 1137 (Public) Filed Thursday, May 19, 2016
AN ACT TO ENACT THE TREASURER'S 2016 INVESTMENT AND ADMINISTRATIVE CHANGES ACT.
Intro. by Ross, Lambeth, Adcock, Hamilton.

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Bill summary

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

Amends GS 147-69.2A, concerning the Special Fund created within the Escheats Fund, to correct a statutory reference replacing  GS 147-69.2(12)(c) with GS 147-69.2(b)(12)(c).

Makes clarifying changes to Section 4.4, providing that Sections 4.1, 4.2, 4.3, and 4.4 all become effective July 1, 2016, applying to all reporting (previously, stated that Section 4 became effective July 1, 2016, applying to all reporting) periods beginning on or after that date.