Bill Summary for H 506 (2025-2026)

Printer-friendly: Click to view

Summary date: 

Apr 16 2025

Bill Information:

View NCGA Bill Details2025-2026 Session
House Bill 506 (Public) Filed Monday, March 24, 2025
AN ACT TO ENACT THE 2025 STATE INVESTMENT MODERNIZATION ACT, AS RECOMMENDED BY THE STATE TREASURER.
Intro. by B. Jones, K. Hall, Ross, Tyson.

View: All Summaries for BillTracking:

Bill summary

House committee substitute to the 1st edition makes the following changes.

Section 3.

Removes proposed GS 147-69.2E, which allowed the Investment Authority to invest the cash of the designated funds in digital assets upon approval of the Board of Directors. Makes a conforming change to GS 147-69.2 by amending one of the investment options available to the Investment Authority by no longer including any invested digital assets to the aggregate market value of all assets under specified provision that could not exceed 80% of the market value of all invested assets.