Bill Summary for H 183 (2017-2018)
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Summary date:
Mar 15 2017
Bill Information:
| View NCGA Bill Details | 2017-2018 Session |
AN ACT TO MAKE CLARIFYING AND ADMINISTRATIVE CHANGES TO THE TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM AND THE LOCAL GOVERNMENT EMPLOYEES' RETIREMENT SYSTEM LAWS AND RELATED STATUTES.Intro. by Collins, Ross, McNeill.
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Bill summary
House committee substitute makes the following changes to the 1st edition.
Amends GS 135-8(b)(1) to make a clarifying change.
Amends GS 128-30(b)(1) to make clarifying changes.
Adds a section amending GS 147-69.2A, to provide that following a public procurement process, the specified designees must jointly and unanimously select a third-party professional investment management firm, subject to the rules and regulations of (was, registered with) the US Securities and Exchange Commission for fund administration.
Adds a section amending GS 147-86.73(g1) to refer to the ABLE Account application package instead of application form.