Amends SL 1975-473 Chapter IV, of the Charter of the Town of Chapel Hill, as title indicates. Adds new Article 5, Section 4.30, allowing the Town of Chapel Hill to invest or reinvest any of the employee benefit funds held in trust, risk reserve funds, and capital reserves into one or more of the types of securities or other investments authorized by State law.
TOWN OF CHAPEL HILL INVESTMENTS.
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AN ACT AMENDING THE CHARTER OF THE TOWN OF CHAPEL HILL TO AUTHORIZE THE TOWN TO INVEST EMPLOYEE BENEFIT FUNDS HELD IN TRUST IN ONE OR MORE OF THE TYPES OF SECURITIES OR OTHER INVESTMENTS AUTHORIZED BY STATE LAW FOR THE STATE TREASURER.Intro. by Foushee.
Status: Ref To Com On Rules and Operations of the Senate (Senate Action) (May 17 2018)
Bill History:
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Wed, 16 May 2018 Senate: Filed
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Thu, 17 May 2018 Senate: Passed 1st Reading
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Thu, 17 May 2018 Senate: Ref To Com On Rules and Operations of the Senate
S 712
Bill Summaries:
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Bill S 712 (2017-2018)Summary date: May 16 2018 - View Summary
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