Bill Summary for S 416 (2025-2026)
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Summary date:
Jun 24 2025
Bill Information:
View NCGA Bill Details(link is external) | 2025-2026 Session |
AN ACT TO ENACT THE PERSONAL PRIVACY PROTECTION ACT.Intro. by Daniel, Hise, Moffitt.
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Bill summary
House committee substitute to the 3rd edition adds the following and makes conforming changes to the act's long title.
Requires that all funds received by the NC State Bar, administered by the Board of Trustees for the North Carolina Interest on Lawyers’ Trust Accounts, from banks because of interest earned on general trust accounts established by lawyers under the specified rule, or interest earned on trust or escrow accounts maintained by settlement agents, must not be encumbered or expended for awarding grants or for any purpose other than administrative costs from July 1, 2025, through June 30, 2026.