§ 58-84-32 – Prudent management of funds.
58-84-32. Prudent management of funds. Local boards of trustees shall manage local relief funds as prudent trustees of the funds, subject to Chapter 36E of the General Statutes. (2014-64, s. 1(a).)
§ 58-84-33 – Maximum fund balances.
58-84-33. Maximum fund balances. (a) The balance of a local fire department’s Firefighters’ Relief Fund for a given year shall not exceed the product of multiplying the number of members on the department’s roster as of January 1 for that year by the sum of two thousand five hundred dollars ($2,500). (b) The North Carolina […]
§ 58-84-35 – Disbursement of funds by trustees.
58-84-35. Disbursement of funds by trustees. (a) The board of trustees shall have entire control of the funds derived from the provisions of this Article, and shall disburse the funds only for the following purposes: (1) To safeguard any firefighter in active service from financial loss, occasioned by sickness contracted or injury received while in […]
§ 58-84-40 – Trustees to keep account and file certified reports.
58-84-40. Trustees to keep account and file certified reports. (a) Each local board of trustees shall keep a correct account of all moneys received and disbursed by them. On a form prescribed by the North Carolina State Firefighters’ Association, each local board shall certify by October 31 of each year the following to the Association: […]