§ 147-86.73 – Administration of ABLE Program.
147-86.73. Administration of ABLE Program. (a) Administration. – The Board may delegate to the State Treasurer the authority to develop and perform all functions necessary and desirable to (i) administer the ABLE Program Trust in such a manner as to meet and comply with the requirements of the federal ABLE Act and federal regulations under […]
§ 147-86.80 – Definitions.
147-86.80. Definitions. The following definitions apply in this Article: (1) Boycott Israel or boycott of Israel. – Engaging in refusals to deal, terminating business activities, or taking actions that are intended to penalize, inflict economic harm, or otherwise limit commercial relations specifically with Israel, or persons or entities doing business in Israel or in Israeli-controlled […]
§ 147-86.81 – Prohibitions on State investment.
147-86.81. Prohibitions on State investment. (a) No more than 30 days after October 1, 2017, the State Treasurer shall adopt a policy prohibiting the North Carolina Retirement Systems or the Department of State Treasurer from investing in any company engaged in a boycott of Israel. At a minimum, the policy shall provide for the following: […]
§ 147-86.82 – Restrictions on contracts with the State or subdivisions of the State.
147-86.82. Restrictions on contracts with the State or subdivisions of the State. (a) A company that is identified as a restricted company is ineligible to contract with the State or any political subdivision of the State. (b) Any contract entered into with a company that is identified as a restricted company at the time of […]
§ 147-86.58 – Prohibitions on State investment.
147-86.58. Prohibitions on State investment. No more than 30 days after October 1, 2015, the State Treasurer shall adopt a policy prohibiting the North Carolina Retirement Systems or the Department of the State Treasurer from investing funds with a company engaging in investment activities in Iran. At a minimum, the policy shall provide: (1) List […]
§ 147-86.22 – Statewide accounts receivable program.
147-86.22. Statewide accounts receivable program. (a) Program. – The State Controller shall implement a statewide accounts receivable program. As part of this program, the State Controller shall do all of the following: (1) Monitor the State’s accounts receivable collection efforts. (2) Coordinate information, systems, and procedures between State agencies to maximize the collection of past-due […]
§ 147-86.23 – Interest and penalties.
147-86.23. Interest and penalties. A State agency shall charge interest at the rate established pursuant to G.S. 105-241.21 on a past-due account receivable from the date the account receivable was due until it is paid. A State agency shall add to a past-due account receivable a late payment penalty of no more than ten percent […]
§ 147-86.24 – Debtor information and skip tracing.
147-86.24. Debtor information and skip tracing. A State agency shall collect from clients and debtors minimum identifying information as prescribed by the State Controller. A State agency shall use all available debtor information to skip trace debtors as prescribed by the State Controller. The State Controller shall establish procedures to give the State Controller access […]
§ 147-86.25 – Setoff debt collection.
147-86.25. Setoff debt collection. The State Controller shall implement a statewide setoff debt collection program to provide for collection of the following accounts receivable by setoff against payments the State owes to debtors, other than payments of tax refunds and payroll: (1) Accounts receivable submitted to the Department of Revenue by a claimant agency under […]
§ 147-86.26 – Reporting requirements.
147-86.26. Reporting requirements. A State agency shall provide the State Controller a complete report of the agency’s accounts receivable at least quarterly or more frequently as required by the State Controller. The State Controller shall use the information provided by a State agency and any additional information available to compile a summary report of the […]