§ 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 […]
§ 147-86.56 – Findings.
147-86.56. Findings. The General Assembly finds that: (1) Congress and the President have determined that the illicit nuclear activities of the Government of Iran, combined with its development of unconventional weapons and ballistic missiles and its support of international terrorism, represent a serious threat to the security of the United States, Israel, and other United […]
§ 147-86.57 – Definitions.
147-86.57. Definitions. As used in this Article: (1) "Company" means any sole proprietorship, organization, association, corporation, partnership, joint venture, limited partnership, limited liability partnership, limited liability company, or other entity or business association, including all wholly owned subsidiaries, majority-owned subsidiaries, parent companies, or affiliates of those entities or business associations. (1a) "Energy sector of Iran" […]
§ 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 […]