Bill Summary for S 559 (2023-2024)

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Summary date: 

Apr 4 2023

Bill Information:

View NCGA Bill Details2023-2024 Session
Senate Bill 559 (Public) Filed Tuesday, April 4, 2023
AN ACT ENABLING THE BOARD OF DIRECTORS OF CERTAIN CHARTER SCHOOLS TO ELECT TO PARTICIPATE IN THE NORTH CAROLINA STATE HEALTH PLAN FOR TEACHERS AND STATE EMPLOYEES.
Intro. by Krawiec, Ford.

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Bill summary

Identical to H 173, filed 2/22/23.

Amends GS 147-68.1 to require the cost of banking operations of the Department of State Treasurer (Department) to be apportioned and paid equitably among the funds and programs using the Department's services, as prescribed by the State Treasurer. Requires the income and assets of the funds and programs using the Department's services to pay the cost of banking operations to the extent the costs are not otherwise chargeable directly to the income or assets of a specific fund or program (no longer requiring deposits with the Treasurer as a general fund nontax revenue and costs to be covered by appropriations to the State Treasurer in the Appropriations Act). Directs apportionment and payment to be accounted for in a manner determined by the State Treasurer.

Amends GS 147-69.3 to require the cost of administering the State Treasurer's investment programs to be apportioned and paid equitably among the established programs in a manner prescribed by the State Treasurer. Requires the administration costs to be paid from the income and assets of a particular investment program when not otherwise chargeable directly to the income or assets of the program (no longer requiring deposits with the Treasurer as a General Fund nontax revenue and appropriations to cover costs not directly paid from the income or assets of the particular program). Directs apportionment and payment to be accounted for in a manner determined by the State Treasurer.

Amends GS 147-76, changing the statute's caption. Adds a new provision deeming the cost of administration, management, and operations of the Department to be accounted for in a manner determined by the State Treasurer. Makes technical changes.