GENERAL ASSEMBLY OF NORTH CAROLINA
1991 SESSION
CHAPTER 542
The General Assembly of North Carolina enacts:
Section 1. G.S. 115C-275 reads as rewritten:
"§ 115C-275. Vacancies in office of superintendent.
In case of vacancy by death, resignation, or otherwise, in
the office of a superintendent, such vacancy shall be filled by the local board
of education in which such vacancy occurred. If the vacancy is filled on a
temporary basis, subject to the same approvals and to the same educational
qualifications as provided for superintendents, the individual appointed to
fill the vacancy on a temporary basis shall be paid the salary provided for
superintendents. During the time any superintendent is on an approved leave of
absence, without pay, an acting superintendent may be appointed in the same
manner to serve during the interim period, which appointment shall be subject
to the same approvals and to the same educational qualifications as provided
for superintendents. In case such position is not filled immediately on a
permanent or temporary basis, or in case of absence of a superintendent on
account of illness or other approved reason, the board of education, by
resolution duly adopted and recorded in the minutes of such board, may assign
to an employee of such school board, with the approval of the Superintendent of
Public Instruction, any duty or duties of such superintendent which necessity
requires be performed during such time: Provided, that if time.
If the superintendent's duty of signing warrants and checks is so
assigned, said the board shall give proper notice immediately
to the State Controller and to the appropriate local
disbursing officials. official."
Sec. 2. Article 3 of Chapter 116 of the General Statutes is repealed.
Sec. 3. G.S. 138-1 reads as rewritten:
"§ 138-1.
Annual salaries payable monthly. at periodic intervals.
All annual salaries shall be paid monthly except employees
of the institutions of the Department of Human Resources may be paid biweekly
effective July 1, 1974. at least monthly and may be paid twice a month,
every two weeks, or weekly. A unit of State government whose payroll is
processed through the central payroll disbursing account of the Office of the
State Controller must obtain the approval of the State Controller to pay annual
salaries on any basis other than a monthly basis."
Sec. 4. G.S. 138-4 reads as rewritten:
"§ 138-4. Governor to set salaries of administrative officers; exceptions; longevity pay.
The salaries of all State administrative officers not subject
to the State Personnel Act shall be payable in equal monthly installments,
and if no provision is otherwise made by law, shall be set by the Governor.
Governor, unless a law provides otherwise.
Whenever by law it is provided that a salary shall be fixed or set by the General Assembly in the Current Operations Appropriations Act, and that office or position is filled by appointment of the Governor, or the appointment is subject to the approval of the Governor, or is made by a commission a majority of whose members are appointed by the Governor, then the Governor may, increase or decrease the salary of a new appointee by a maximum of ten percent (10%) over or under the salary of that position as provided in the Current Operations Appropriations Act, such increased or decreased salary to remain in effect until changed by the General Assembly or until the end of the fiscal year, whichever occurs first. The Governor under this paragraph may not increase the salary of any nonelected official above the level set in the Current Operations Appropriations Act for any member of the Council of State. This section does not apply to any office filled by election by the people, and does not apply to any office in the legislative or judicial branches.
Prior to taking any action under this section, the Governor may consult with the Advisory Budget Commission.
Officials whose salaries are covered by the provisions of this section shall be eligible for longevity pay on the same basis as is provided to employees of the State who are subject to the State Personnel Act."
Sec. 5. G.S. 143-3.2(a) reads as rewritten:
"(a) The State Controller shall have the exclusive responsibility for the issuance of all warrants for the payment of money upon the State Treasurer. All warrants upon the State Treasurer shall be signed by the State Controller, who before issuing them shall determine the legality of payment and the correctness of the accounts.
When the State Controller finds it expedient to do so because of a State agency's size and location, the State Controller may authorize a State agency to make expenditures through a disbursing account with the State Treasurer. The State Controller shall authorize the Judicial Department and the General Assembly to make expenditures through such disbursing accounts. All deposits in these disbursing accounts shall be by the State Controller's warrant. A copy of each voucher making withdrawals from these disbursing accounts and any supporting data required by the State Controller shall be forwarded to the Office of the State Controller monthly or as otherwise required by the State Controller. Supporting data for a voucher making a withdrawal from one of these disbursing accounts to meet a payroll shall include the amount of the payroll and the employees whose compensation is part of the payroll.
A central payroll unit operating under the Office of the State Controller may make deposits and withdrawals directly to and from a disbursing account. The disbursing account shall constitute a revolving fund for servicing payrolls passed through the central payroll unit.
The State Controller may use a facsimile signature machine in affixing his signature to warrants."
Sec. 6. G.S. 143-11 reads as rewritten:
"§ 143-11. Survey of departments.
On or before the fifteenth day of December, biennially in the
even-numbered years, the Director shall make a complete, careful survey of the
operation and management of all the departments, bureaus, divisions, officers,
boards, commissions, institutions, and agencies and undertakings of the State
and all persons or corporations who use or expend funds as hereinbefore
defined, State funds, in the interest of economy and efficiency, and
of obtaining a working knowledge upon which to base recommendations to
the General Assembly as to appropriations for maintenance and special funds and
capital expenditures for the succeeding biennium. If the Director and the
Commission shall agree in their recommendations for the budget for the next
biennial period, he shall prepare their report in the form of a proposed
budget, together with such comment and recommendations as they may deem proper
to make. If the Director and Commission shall not agree in substantial
particulars, the Director shall prepare the proposed budget based on his own
conclusions and judgment, and the Commission or any of its members retain the
right to submit separately to the General Assembly such statement of
disagreement and the particulars thereof as representing their views. The
budget report shall contain a complete and itemized plan of all proposed
expenditures for each State department, bureau, board, division, institution,
commission, State agency or undertaking, person or corporation who receive receives
or may receive for use and expenditure any State funds as hereinbefore
defined, funds, in accordance with the classification adopted by the
State Controller, and of the estimated revenues and borrowings for each year in
the ensuing biennial period beginning with the first day of July thereafter.
Opposite each item of the proposed expenditures, the budget shall show in
separate parallel columns the amount expended for the last preceding
appropriation year, for the current appropriation year, and the increase or decrease.
The budget shall clearly differentiate between general fund expenditures for
operating and maintenance, special fund expenditures for any purpose, and
proposed capital outlays.
The Director shall accompany the budget with:
(1) A budget message supporting his recommendations and outlining a financial policy and program for the ensuing biennium. The message will include an explanation of increase or decrease over past expenditures, a discussion of proposed changes in existing revenue laws and proposed bond issues, their purpose, the amount, rate of interest, term, the requirements to be attached to their issuance and the effect such issues will have upon the redemption and annual interest charges of the State debt.
(2) State Controller reports including:
a. An itemized and complete financial statement for the State at the close of the last preceding fiscal year ending June 30.
b. A statement of special funds.
(3) c. A
statement showing the itemized estimates of the condition of the State treasury
as of the beginning and end of each of the next two appropriation years.
(3)(4) A report on the fees charged by
each State department, bureau, division, board, commission, institution, and
agency during the previous fiscal year, the statutory or regulatory authority
for each fee, the amount of the fee, when the amount of the fee was last
changed, the number of times the fee was collected during the prior fiscal
year, and the total receipts from the fee during the prior fiscal year.
It shall be a compliance with this section by each incoming Governor, at the first session of the General Assembly in his term, to submit the budget report with the message of the outgoing Governor, if he shall deem it proper to prepare such message, together with any comments or recommendations thereon that he may see fit to make, either at the time of the submission of the said report to the General Assembly, or at such other time, or times, as he may elect and fix.
The function of the Advisory Budget Commission under this section applies only if the Director of the Budget consults with the Commission in preparation of the budget."
Sec. 7. G.S. 143-34.1 reads as rewritten:
"§
143-34.1. Payrolls submitted to the Director of the Budget; approval
of payment of vouchers; payment of required employer salary-related
contributions for retirement benefits, death benefits, disability salary
continuation and Social Security; support of hospital and medical insurance
programs for retired members of certain associations, organizations, boards,
etc.; dependent care assistance program. Positions included in the
State's payroll must be approved by the Director of Budget; payment of benefits
and other salary-related items must be made from same source as salary; dependent
care assistance program authorized; flexible compensation benefits authorized.
(a) All
payrolls of all departments, institutions, and agencies of the State government
shall, prior to the issuance of vouchers in payment therefor, be submitted to
the Director of the Budget, who shall check the same against the appropriations
to such departments, institutions and agencies for such purposes, and if found
to be within said appropriations, he shall approve the same and return one to
the department, institution or agency submitting same and transmit one copy to
the State Controller, and no voucher in payment of said payroll or any item
thereon shall be honored or paid except and to the extent that the same has
been approved by the Director of the Budget. Before a department,
institution, or other agency of State government establishes a new position or
changes the funding of an existing position, the agency must submit the
proposed action to the Director for approval. The Director shall review
the proposed action to ensure that it is within the amount appropriated to the
agency. If the Director approves the action, the Director shall notify
the agency and the State Controller of the approval. The State Controller
may not honor a voucher in payment of a payroll that includes a new position or
a change in an existing position that has not been approved by the Director.
(b) Required employer salary-related contributions for retirement benefits, death benefits, disability salary continuation and Social Security for employees whose salaries are paid from general fund or highway fund revenues, or from department, office, institutional or agency receipts, or from nonstate funds, shall be paid from the same source as the source of the employees' salaries. In those instances in which an employee's salary is paid in part from the general fund, or the highway fund, and in part from the department, office, institutional or agency receipts, or from nonstate funds, the required salary-related contributions shall be paid from the general fund, or the highway fund, only to the extent of the proportionate part paid from the general fund, or highway fund, in support of the salary of such employee, and the remainder of the employer's contribution requirements shall be paid from the same source which supplies the remainder of such employee's salary. The requirements of this section as to the source of payment are also applicable to payments on behalf of the employee for hospital-medical insurance, longevity payments, salary increments, and legislative salary increases. The State Controller shall approve the method of payment by State departments, offices, institutions and agencies for employer salary-related requirements of this section, and determine the applicability of the section to an employer's salary-related contribution or payment in behalf of an employee.
(c) The Director of the Budget is authorized to provide eligible officers and employees of State departments, institutions, and agencies not covered by the provisions of G.S. 116-17.2 a program of dependent care assistance as available under Section 129 and related sections of the Internal Revenue Code of 1986, as amended. The Director of the Budget may authorize State departments, institutions, and agencies to enter into annual agreements with employees who elect to participate in the program to provide for a reduction in salary. Should the Director decide to contract with a third party to administer the terms and conditions of a program of dependent care assistance, he may select a contractor only upon a thorough and completely competitive procurement process.
(d) Notwithstanding any other provisions of law relating to the salaries of officers and employees of departments, institutions, and agencies of State government, the Director of the Budget is authorized to provide a plan of flexible compensation to eligible officers and employees of State departments, institutions, and agencies not covered by the provisions of G.S. 116-17.2 for benefits available under Section 125 and related sections of the Internal Revenue Code of 1986 as amended. This plan shall not include those benefits provided to employees and officers under Article 1A of Chapter 120 of the General Statutes and Articles 1, 3, 4, and 6 of Chapter 135 of the General Statutes nor any vacation leave, sick leave, or any other leave that may be carried forward from year to year by employees as a form of deferred compensation. In providing a plan of flexible compensation, the Director of the Budget may authorize State departments, institutions, and agencies to enter into agreements with their employees for reductions in the salaries of employees electing to participate in the plan of flexible compensation provided by this section. Should the Director of the Budget decide to contract with a third party to administer the terms and conditions of a plan of flexible compensation as provided by this section, it may select such a contractor only upon a thorough and completely advertised competitive procurement process."
Sec. 8. G.S. 143-47.7(a) reads as rewritten:
"(a) Within 60 days after
acceptance of appointment by a person appointed to public office, the
appointing authority shall file written notice of such appointment with the
Governor, the Secretary of State, the State Legislative Library, the
State Library and the State Disbursing Officer. Library, and the
State Controller. For the purposes of this section, a copy of the letter
from the appointing authority or a copy of the properly executed Commission of
Appointment shall be sufficient to be filed if such copy contains the
information required in subsection (b) of this section."
Sec. 9. G.S. 143-340(25) is repealed.
Sec. 10. G.S. 143-341(8)j. reads as rewritten:
"j. To
establish and operate a central telephone system, central mimeographing
and duplicating services, central stenographical and clerical pools, and other
central services, if the Governor after appropriate investigation deems it
advisable from the standpoint of efficiency and economy in operation to
establish any or all such services. The Secretary may allocate and charge
against the respective agencies their proportionate part of the cost of
maintenance and operation of the central services which are established, in accordance
with the rules adopted by him and approved by the Governor and Council of State
pursuant to paragraph k, below. Upon the establishment of central mimeographing
and duplicating services, the Secretary may, with the approval of the Governor,
require any State agency to be served by those central services to transfer to
the Department ownership, custody, and control of any or all mimeographing and
duplicating equipment and supplies within the ownership, custody, or control of
such agency."
Sec. 11. G.S. 143B-368(b) is repealed.
Sec. 12. G.S. 143B-370 is repealed.
Sec. 13. G.S. 143B-426.35 reads as rewritten:
"§ 143B-426.35. Definitions.
As used in this Part, unless the context clearly indicates otherwise:
(1) 'Accounting system' means the total structure of records and procedures which discover, record, classify, and report information on the financial position and operating results of a governmental unit or any of its funds, balanced account groups, and organizational components.
(2) 'Office' means the Office of the State Controller.
(3) 'State agency' means
any State agency as defined in G.S. 147-64.4(b)(2). 147-64.4(4).
(4) 'State funds' means any moneys appropriated by the General Assembly, or moneys collected by or for the State, or any agency of the State, pursuant to the authority granted in any State laws."
Sec. 14. G.S. 143B-426.39 reads as rewritten:
"§ 143B-426.39. Powers and duties of the State Controller.
The State Controller shall:
(1) Prescribe, develop, operate, and maintain in accordance with generally accepted principles of governmental accounting, a uniform State accounting system for all State agencies. The system shall be designed to assure compliance with all legal and constitutional requirements including those associated with the receipt and expenditure of, and the accountability for public funds.
(2) On the recommendation of the State Auditor, prescribe and supervise the installation of any changes in the accounting systems of an agency that, in the judgement of the State Controller, are necessary to secure and maintain internal control and facilitate the recording of accounting data for the purpose of preparing reliable and meaningful statements and reports. The State Controller shall be responsible for seeing that a new system is designed to accumulate information required for the preparation of budget reports and other financial reports.
(3) Maintain complete, accurate and current financial records that set out all revenues, charges against funds, fund and appropriation balances, interfund transfers, outstanding vouchers, and encumbrances for all State funds and other public funds including trust funds and institutional funds available to, encumbered, or expended by each State agency, in a manner consistent with the uniform State accounting system.
(4) Prescribe the uniform classifications of accounts to be used by all State agencies including receipts, expenditures, assets, liabilities, fund types, organization codes, and purposes. The State Controller shall also, after consultation with the Office of State Budget and Management, prescribe a form for the periodic reporting of financial accounts, transactions, and other matters that is compatible with systems and reports required by the State Controller under this section. Additional records, accounts, and accounting systems may be maintained by agencies when required for reporting to funding sources provided prior approval is obtained from the State Controller.
(5) Prescribe the manner in which disbursements of the State agencies shall be made, in accordance with G.S. 143-3.
(6) Operate a central payroll system, in accordance with G.S. 143-3.2 and 143-34.1.
(7) Keep a record of the appropriations, allotments, expenditures, and revenues of each State agency, in accordance with G.S. 143-20.
(8) Make appropriate reconciliations with the balances and accounts kept by the State Treasurer.
(9) Develop, implement,
and amend as necessary a uniform statewide cash management plan to
carry out the cash management policy for all State agencies in accordance
with G.S. 147-86.11.
(10) Prepare and submit to the Governor, the State Auditor, the State Treasurer, and the Office of State Budget and Management each month, a report summarizing by State agency and appropriation or other fund source, the results of financial transactions. This report shall be in the form that will most clearly and accurately set out the current fiscal condition of the State. The State Controller shall also furnish each State agency a report of its transactions by appropriation or other fund source in a form that will clearly and accurately present the fiscal activities and condition of the appropriation or fund source.
(11) Prepare and submit to the Governor, the State Auditor, the State Treasurer, and the Office of State Budget and Management, at the end of each quarter, a report on the financial condition and results of operations of the State entity for the period ended. This report shall clearly and accurately present the condition of all State funds and appropriation balances and shall include comments, recommendations, and concerns regarding the fiscal affairs and condition of the State.
(12) Prepare on or before October 31 of each year, a Comprehensive Annual Financial Report of the preceding fiscal year, in accordance with G.S. 143-20.1.
(13) Perform additional functions and duties assigned to the State Controller, within the scope and context of the Executive Budget Act, Chapter 143, Article 1 of the General Statutes.
(14) With respect to the principal
State offices and Departments as defined in G.S. 143A-11 and G.S. 143B-6, or a
division thereof, State agencies, exercise general coordinating
authority for all telecommunications matters relating to the internal
management and operations of State government. these agencies. In
discharging that responsibility the State Controller may in cooperation with
affected State agency heads, do such of the following things as he deems
necessary and advisable:
a. Provide for
the establishment, management, and operation, through either State ownership or
commercial leasing leasing, of the following systems and services
as they affect the internal management and operation of State government: agencies:
1. Central telephone systems and telephone networks;
2. Teleprocessing systems;
3. Teletype and facsimile services;
4. Satellite services;
5. Closed-circuit TV systems;
6. Two-way radio systems;
7. Microwave systems;
8. Related systems based on telecommunication technologies.
b. Coordinate
With the approval of the Information Technology Council, coordinate the
development of cost-sharing systems for respective user agencies for their
proportionate parts of the cost of maintenance and operation of the systems and
services listed in item 'a.' of this subdivision, in accordance with the
rules and regulations adopted by the Governor and approved by the Council of
State, pursuant to G.S. 143-341(8)k. subdivision.
c. Assist in
the development of coordinated telecommunications services or systems within
and among all State agencies and departments, and recommend,
where appropriate, cooperative utilization of telecommunication facilities by
aggregating users.
d. Perform traffic analysis and engineering for all telecommunications services and systems listed in item 'a.' of this subdivision.
e. Pursuant to
G.S. 143-49, establish telecommunications specifications and designs so as to
promote and support compatibility of the systems within State government. agencies.
f. Pursuant to G.S. 143-49 and G.S. 143-50, coordinate the review of requests by State agencies for the procurement of telecommunications systems or services.
g. Pursuant to G.S. 143-341 and Chapter 146 of the General Statutes, coordinate the review of requests by State agencies for State government property acquisition, disposition, or construction for telecommunications systems requirements.
h. Provide a
periodic inventory of telecommunications costs, facilities, systems, and
personnel within State government. agencies.
i. Promote, coordinate, and assist in the design and engineering of emergency telecommunications systems, including but not limited to the 911 emergency telephone number program, Emergency Medical Services, and other emergency telecommunications services.
j. Perform frequency coordination and management for State agencies and local governments, including all public safety radio service frequencies, in accordance with the rules and regulations of the Federal Communications Commission or any successor federal agency.
k. Advise all
State agencies and institutions on telecommunications management
planning and related matters and provide through the State Personnel Training
Center or the State Information Processing Services training to users within
State government agencies in telecommunications technology and
systems.
l. Assist and coordinate the development of policies and long-range plans, consistent with the protection of citizens' rights to privacy and access to information, for the acquisition and use of telecommunications systems; and base such policies and plans on current information about State telecommunications activities in relation to the full range of emerging technologies.
m. Work cooperatively with the North Carolina Agency for Public Telecommunications in furthering the purpose of this subdivision.
The provisions of this subdivision shall not apply to the Police Information
Network (P.I.N.) Criminal Information Division of the Department of
Justice or to the Judicial Information System in the Judicial Department.
(15) Provide cities, counties, and other local governmental units with access to a central telecommunications system or service established under subdivision (14) of this section for State agencies. Access shall be provided on the same cost basis that applies to State agencies."
Sec. 15. G.S. 147-86.11 reads as rewritten:
"§ 147-86.11. Cash management for the State.
(a) The [State
Controller], State Controller, with the advice and assistance of the
State Treasurer, the State Budget Officer, and the State Auditor, shall
develop, implement and amend as necessary a uniform statewide plan to carry out
the cash management policy for all State agencies. The State Auditor shall report
annually to the Advisory Budget Commission and the General Assembly on the
implementation of the plan as shown in the audits completed during the prior
fiscal year. The State Treasurer shall recommend periodically to the General
Assembly any implementing legislation necessary or desirable in the furtherance
of the State policy. When used in this section, 'State agency' means any
agency, institution, bureau, board, commission or officer of the State;
however, except as provided in G.S. 147-86.12, 147-86.13, and 147-86.14, this
Article shall not apply to the agencies, institutions, bureaus, boards,
commissions and officers of the General Court of Justice as defined in Article
IV of the North Carolina Constitution or to the local school administrative units
and community colleges and their officers and employees.
(b) The State Auditor pursuant to his authority under G.S. 147-64.6 shall monitor agency compliance with this Article, and make any comments, suggestions, and recommendations he deems advisable to the agencies.
(c) The State Treasurer shall publish a quarterly report on all funds in the control or custody of the State Treasurer showing cash balances on hand, investments of cash balances and a comparative analysis of earnings and investment performances.
(d) The statewide cash
management plan adopted and implemented pursuant to this section shall
provide that any net earnings on invested funds, whose beneficial owner is not
the State or a local governmental unit, shall be paid to the beneficial owners
of the funds. 'Net earnings' are the amounts remaining after allowance for the
cost of administration, management, and operation of the invested funds.
(e) The receipt
section of the uniform statewide plan promulgated by the Director of the Budget
For moneys received or to be received, the statewide cash management
plan shall provide at a minimum that:
(1) Except as otherwise provided by law, moneys received by employees of State agencies in the normal course of their employment shall be deposited as follows:
a. Moneys received in trust for specific beneficiaries for which the employee-custodian has a duty to invest shall be deposited with the State Treasurer under the provisions of G.S. 147-69.3.
b. All other moneys received shall be deposited with the State Treasurer pursuant to G.S. 147-77 and G.S. 147-69.1.
(2) Moneys received shall be deposited daily in the form and amounts received, except as otherwise provided by statute;
(3) Moneys due to a State agency by another governmental agency or by private persons shall be promptly billed, collected and deposited;
(4) Unpaid billings due to a State agency shall be turned over to the Attorney General for collection no more than 90 days after the due date of the billing; and
(5) Moneys received in the form of warrants drawn on the State Treasurer shall be deposited by the State agency directly with the State Treasurer and not through the banking system, unless otherwise approved by the State Treasurer.
(f) The
disbursement section of the statewide plan adopted by the Director of the
Budget For the disbursement of money, the statewide cash management plan
shall provide at a minimum that:
(1) Moneys deposited with the State Treasurer remain on deposit with the State Treasurer until final disbursement to the ultimate payee;
(2) The order in which
appropriations and other available resources are expended shall be subject to
the provisions of G.S. 143-27 regardless of whether the State agency disbursing
or expending the moneys is subject to the Executive Budget Act. Act;
(3) Federal and other
reimbursements of expenditures paid from State funds shall be paid immediately
to the source of the State funds. funds;
(4) Billings to the State for goods received or services rendered shall be paid neither early nor late but on the discount date or the due date to the extent practicable; and
(5) Disbursement cycles for each agency shall be established to the extent practicable so that the overall efficiency of the warrant disbursement system is maximized while maintaining prompt payment of bills due.
(g) The interest earnings of the General Fund and Highway Fund shall be maximized to the extent practicable. To this end:
(1) Interest earnings shall not be allocated to an account by the State Treasurer unless all of the moneys in the account are expressly eligible by law for receiving interest allocations;
(2) State officers and employees who received moneys in trust or for investment shall be solely responsible for properly segregating such funds for investment in the manner prescribed by law. The officer or employee charged with the responsibility for these moneys shall be under a duty to segregate the funds in a timely manner. No investment income shall be allocated by the State Treasurer to trust or other investment accounts until properly segregated into investment accounts as provided by law and the rules of the State Treasurer.
(h) The statewide cash management plan shall consider new technologies and procedures whenever the technologies and procedures are economically beneficial to the State as a whole. Where the new technologies and procedures may be implemented without additional legislation, the technologies and procedures shall be implemented in the plan.
(i) A willful or
continued failure of an employee paid from State funds or employed by a State
agency to follow this cash management policy and the statewide cash
management plan adopted by the Director of the Budget is sufficient
cause for immediate dismissal of the employee."
Sec. 16. G. S. 147-69.2 is amended by inserting the following subsection:
"(b1) With respect to investments authorized by subsection (b)(8), the State Treasurer shall appoint an Equity Investment Advisory Committee, which shall consist of five members: the State Treasurer, who shall be chairman ex officio; two members selected from among the members of the boards of trustees of the Retirement Systems; and two members selected from the general public. The State Treasurer shall also appoint a Secretary of the Equity Investment Advisory Committee who need not be a member of the committee. Members of the committee shall receive for their services the same per diem and allowances granted to members of the State boards and commissions generally. The committee shall have advisory powers only and membership shall not be deemed a public office within the meaning of Article VI, Section 9 of the Constitution of North Carolina or G.S. 128-1.1."
Sec. 17. This act is effective upon ratification.
In the General Assembly read three times and ratified this the 4th day of July, 1991.
───────────────────
James C. Gardner
President of the Senate
───────────────────
Daniel Blue, Jr.
Speaker of the House of Representatives