147-65. Salary of State Treasurer. The salary of the State Treasurer shall be as established in the Current Operations Appropriations Act. In addition to the salary set by the General Assembly in the Current Operations Appropriations Act, longevity pay shall be paid on the same basis as is provided to employees of the State who […]
147-66. Office and office hours. The Treasurer shall keep his or her office at the City of Raleigh, and shall attend there between the hours of 10 o’clock A.M. and three o’clock P.M., Saturdays, Sundays, periods of travel, and legal holidays excepted. The Treasurer shall be allowed such office room as may be necessary. (1868-9, […]
147-68. To receive and disburse moneys; to make reports. (a) It is the duty of the Treasurer to receive all moneys which shall from time to time be paid into the treasury of this State; and to pay all warrants legally drawn on the Treasurer. (b) No moneys shall be paid out of the treasury […]
147-68.1. Banking operations. The cost of administration, management, and operations of the banking operations of the Department of State Treasurer shall be apportioned equitably among the funds and programs using these services, and the costs so apportioned shall be deposited with the State Treasurer as a general fund nontax revenue. The cost of administration, management […]
147-68.2. Confidentiality of warrants issued by the State. Information contained in records held by the State about outstanding, unpaid warrants issued by the State are confidential and not available for public inspection to the extent that the Treasurer determines that information would be sufficient to counterfeit a warrant. (2017-129, s. 6.)
147-69. Deposits of State funds in banks and savings and loan associations regulated. Banks and savings and loan associations having State deposits shall furnish to the Auditor of the State, upon the Auditor’s request, a statement of the moneys which have been received and paid by them on account of the treasury. The Treasurer shall […]
147-69.1. Investments authorized for General Fund and Highway Funds assets. (a) The Governor and Council of State, with the advice and assistance of the State Treasurer, shall adopt such rules and regulations as shall be necessary and appropriate to implement the provisions of this section. (b) This section applies to funds held by the State […]
147-69.10. Investment policies and performance reviews of Retirement Systems investment programs. (a) On at least a biennial basis, the State Treasurer shall present an investment policy statement to the Investment Advisory Committee for the Committee’s consultation. The investment policy statement must include descriptions of investment objectives and strategy, roles and responsibilities, permissible asset classes, asset […]
147-69.11. Ethics policies. To ensure that the State Treasurer’s investment programs operate under a strong governance framework with rigorous internal controls and a high degree of operational transparency and are managed with the highest ethical and professional standards and in the most efficient and effective manner possible, the State Treasurer, after consultation with the Investment […]
147-69.12. Reporting on the State Treasurer’s investment programs. (a) No later than the tenth day of February, May, August, and November of each year, the State Treasurer shall report on all investments for which the State Treasurer is in any way responsible, including investments made from the Escheat Fund and return on investment as provided […]
147-69.2. Investments authorized for special funds held by State Treasurer. (a) This section applies to funds held by the State Treasurer to the credit of each of the following: (1) The Teachers’ and State Employees’ Retirement System of North Carolina. (2) The Consolidated Judicial Retirement System of North Carolina. (3) The State Health Plan for […]
147-69.2A. Investments; special funds held by the State Treasurer. (a) Firm to Administer Special Fund. – Following a public procurement process, a designee of the Governor, a designee of the State Treasurer, a designee of the Speaker of the House of Representatives, and a designee of the President Pro Tempore of the Senate shall jointly […]
147-69.3. Administration of State Treasurer’s investment programs. (a) The State Treasurer shall establish, maintain, administer, manage, and operate within the Department of State Treasurer one or more investment programs for the deposit and investment of assets pursuant to the provisions of G.S. 147-69.1 and G.S. 147-69.2. Different Retirement Systems and other funds held by the […]
147-69.3A. Liability insurance for State Treasurer. (a) The State Treasurer may purchase commercial insurance of any kind to cover all risks or potential liability of the State Treasurer, boards in the Department of the State Treasurer, members of boards in the Department of the State Treasurer, and employees and agents of the State Treasurer, including […]
147-69.5. Local Government Law Enforcement Special Separation Allowance Fund. The Local Government Law Enforcement Special Separation Allowance Fund is established as a fund in the Office of the State Treasurer under the management of the Treasurer. The Fund consists of contributions made by entities authorized to make contributions to the Fund and interest and other […]
147-69.6. Swain County Settlement Trust Fund. (a) The Swain County Settlement Trust Fund is established as a special fund in the Office of the State Treasurer under the management of the Treasurer. The Treasurer may invest the assets of the Fund in any of the investments authorized under subdivisions (b)(1) through (6) and subdivision (b)(8) […]
147-69.7. Discharge of duties to funds. (a) The State Treasurer shall discharge his or her duties with respect to each fund or investment program held by the State Treasurer, including each of the funds, enumerated in G.S. 147-69.2 as follows: (1) Solely in the interest of the intended beneficiaries of the fund, if any. (2) […]
147-69.8. Annual report on new investment authority. Whenever the General Assembly broadens the investment authority of the State Treasurer as to the General Fund, the Teachers’ and State Employees’ Retirement System, the Consolidated Judicial Retirement System, the Firefighters’ and Rescue Squad Workers’ Pension Fund, the Local Governmental Employees’ Retirement System, the Legislative Retirement System, the […]
147-69.9. Third-party audit of State Treasurer’s investments. (a) In addition to all other audits and reports required by the law, the State Treasurer shall prepare and issue, at the end of each fiscal year beginning with the 2015-2016 fiscal year, a set of consolidated stand-alone financial statements regarding investments authorized in G.S. 147-69.1 and G.S. […]
147-70. To make short-term notes in emergencies. Subject to the approval of the Governor and Council of State, the State Treasurer is authorized to make short-term notes for temporary emergencies, but such notes must only be made to provide for appropriations already made by the General Assembly. (1915, c. 168, s. 3; C.S., s. 7685.)
