Senate committee substitute to the 2nd edition makes the following changes.
Part I.
Limits the Teachers and State Employees’ Retirement System (TSERS) Board of Trustees (Board) discretion to make a final decision accepting a charter school application for participation in TSERS upon receipt of the audit report required under GS 135-5.3 (optional participation for charter schools owned by private nonprofit corporations or municipalities) to those instances when a charter school applied for entry within two years of the charter school’s effective date of entry. Specifies that any charter school approved by the Board contingent upon receiving the described audit report must continue its period of provisional entry for up to one year or until the Board has denied its application for entry into TSERS, whichever is earlier. Provides that the charter school will cease participation in TSERS the first of the month following either of these two occurrences.
Part VII.
Expands the circumstances under GS 135-7(h) (TSERS) and GS 128-29(g) (the Local Government Employees Retirement System-LGERS) under which each retirement system’s board of trustees may direct the described contributions to fund the Legislative Enactment Implementation Arrangement (LEIA) to include if the board identifies a specific administrative or information technology purpose that is necessary to prevent an interruption to the described retirement system’s normal operation. Makes conforming changes.
Authorizes the Board to delegate its power to review a charter school’s application for participation in TSERS to the State Treasurer under GS 135-48.54. Further permits the Board to require that the board of directors of charter schools applying for participation in TSERS to file their applications with the person or entity designated by the State Treasurer. Makes conforming change to GS 135-48.30(a) (powers and duties of the State Treasurer).
DST TECHNICAL CORRECTIONS/ADMIN. CHANGES 2025.-AB
Printer-friendly: Click to view
View NCGA Bill Details(link is external) | 2025-2026 Session |
AN ACT MAKING TECHNICAL CORRECTIONS AND ADMINISTRATIVE CHANGES TO THE LAWS GOVERNING AND RELATED TO THE DEPARTMENT OF STATE TREASURER.Intro. by Carson Smith, Wheatley.
Bill History:
-
Thu, 20 Mar 2025 House: Filed(link is external)
-
Mon, 24 Mar 2025 House: Passed 1st Reading(link is external)
-
Wed, 9 Apr 2025 House: Reptd Fav Com Substitute(link is external)
-
Wed, 9 Apr 2025 House: Re-ref Com On Judiciary 1(link is external)
-
Tue, 15 Apr 2025 House: Reptd Fav(link is external)
-
Mon, 28 Apr 2025 House: Reptd Fav(link is external)
-
Mon, 28 Apr 2025 House: Cal Pursuant Rule 36(b)(link is external)
-
Mon, 28 Apr 2025 House: Placed On Cal For 04/29/2025(link is external)
-
Tue, 29 Apr 2025 House: Passed 2nd Reading(link is external)
-
Tue, 29 Apr 2025 House: Passed 3rd Reading(link is external)
-
Wed, 30 Apr 2025 House: Regular Message Sent To Senate(link is external)
-
Wed, 30 Apr 2025 Senate: Regular Message Received From House(link is external)
-
Wed, 30 Apr 2025 Senate: Passed 1st Reading(link is external)
-
Mon, 19 May 2025 Senate: Withdrawn From Com(link is external)
-
Tue, 20 May 2025 Senate: Reptd Fav Com Substitute(link is external)
-
Tue, 20 May 2025 Senate: Com Substitute Adopted(link is external)
-
Tue, 20 May 2025 Senate: Re-ref Com On Judiciary(link is external)
Bill Summaries:
-
Bill H 476 (2025-2026)Summary date: May 20 2025 - View Summary
-
Bill H 476 (2025-2026)Summary date: Apr 9 2025 - View Summary
House committee substitute to the 1st edition makes technical change to federal statutory citation 26 USC 529A(f) in GS 147-86.73.
-
Bill H 476 (2025-2026)Summary date: Mar 20 2025 - View Summary
Identical to S 363, filed 3/20/25.
Part I.
Amends GS 135-5.3 by amending the provision under which a charter school is given provisional entry into the Teachers’ and State Employees’ Retirement System (System) for one year to now allow the provisional entry to be extend by up to two additional years or allows the charter school, after the provisional year, to apply to become a participating employer in the System. Allows schools whose provisional entry is extended to apply to become a participating employer at any time during the extend period. Makes conforming changes to the timing of the required actuarial and financial reviews. Prohibits granting entry into the System to any charter school that is unable to provide the required information for the financial review.
Part II.
Amends GS 135-18.10A (applicable to the System); GS 128-38.4A (applicable to the North Carolina Local Governmental Employees' Retirement System); GS 135-75.1A (applicable to the Consolidated Judicial Retirement Act); and GS 120-4.33A (applicable to the Legislative Retirement System of North Carolina) to give each system’s Board of Trustees, instead of the State Treasurer, the power to make a decision on a reversal of benefit forfeiture for a person convicted of a felony.
Part III.
Amends GS 84-4.1 by amending the fee paid by an out-of-state attorney granted the ability to practice in a limited capacity so that $20 of the fee is transferred using the State’s electronic accounting system and changes the recipient from the State Treasurer to the North Carolina Administrative Office of the Courts.
Part IV.
Amends GS 147-86.73 (concerning administration of the Achieving a Better Life Experience (ABLE) Act) to prohibit the State from filing a claim, upon the death of a designated beneficiary for payment from the beneficiary’s account for any medical assistance paid for the designated beneficiary, unless it is required by federal law. Makes conforming changes.
Part V.
Amends GS 120-32, GS 135-3, GS 135-3, GS 135-5, GS 135-5.1, GS 135-27, and GS 143B-1491 by correcting a statutory cross-reference and making other clarifying changes.
Part VI.
Amends GS 153A-82, concerning educational requirements for county managers, and GS 160A-184, concerning educational requirements for city managers, to update the reference to the Local Government Commission’s authority to Article 11 of GS Chapter 159 and to refer to a letter instead of unit letter from the Commission. Amends GS 159-25 to update the reference to the Local Government Commission’s authority to Article 11 of GS Chapter 159.
Part VII.
Makes a clarifying change to GS 12-4.21. Amends GS 120-4.28 by making clarifying, organizational, and technical changes. Amends membership in the Board of Trustees of the North Carolina Local Governmental Employees' Retirement System by changing references to the Firemen’s and Rescue Squad Workers’ Pension Fund to the North Carolina Firefighters’ and Rescue Squad Workers Pension Fund; makes other technical and clarifying changes. Recodifies GS 128-26A as GS 128-26.1. Corrects a statutory cross-reference in GS 135-48.40.