GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1999

S	2 

SENATE BILL 653
Finance Committee Substitute Adopted 4/28/99

Short Title:  Durham Co. Health Fund Invest.	(Local)

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Sponsors:
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Referred to:  

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March 30, 1999

A BILL TO BE ENTITLED
AN ACT RELATING TO INVESTMENT OF HEALTH TRUST FUND MONIES BY THE COUNTY OF DURHAM.
The General Assembly of North Carolina enacts:
Section 1.  The County of Durham, or any governing body, agency, person, or other corporation that contracts with Durham County for the investment, care, or administration of monies held by the County in its Community Health Trust Fund, may invest and reinvest monies constituting the Fund in one or more of the types of securities or other investments, and subject to the same restrictions, as authorized by State law for the State Treasurer in G.S. 147-69.2.
Section 2.  This act shall apply only to monies constituting the Community Health Trust Fund.  Limitations on investment and reinvestment of Fund assets may be enacted by the Durham County Board of Commissioners.
Section 3.  This act, insofar as it authorizes certain investments, amends G.S. 159-30 with regard to the investment of the Durham County Community Health Trust Fund only.
Section 4.  This act is effective when it becomes law.