Find Laws Find Lawyers Free Legal Forms USA State Laws

NORTH CAROLINA STATUTES AND CODES

§ 147-68. To receive and disburse moneys; to make reports.

§ 147‑68.  To receiveand disburse moneys; to make reports.

(a)        It is the duty ofthe Treasurer to receive all moneys which shall from time to time be paid intothe treasury of this State; and to pay all warrants legally drawn on theTreasurer.

(b)        No moneys shall bepaid out of the treasury except on warrant unless there is a legislativeappropriation or authority to pay the same.

(c)        It shall be theresponsibility of the Treasurer to determine that all warrants presented to himfor payment are valid and legally drawn on the Treasurer.

(d)        The Treasurer shallreport to the Governor annually and to the General Assembly at the beginning ofeach biennial session the exact balance in the treasury to the credit of theState, with a summary of the receipts and payments of the treasury during thepreceding fiscal year, and so far as practicable an account of the same down tothe termination of the current calendar year.

(d1)      The Treasurer shallreport to the Joint Legislative Commission on Governmental Operations, thechairs of the House of Representatives and Senate Appropriations Committees,the chairs of the House of Representatives and Senate Finance Committees, andthe Fiscal Research Division of the General Assembly, on a quarterly basis,concerning all investments and deposits made by and through his office. Thereport shall include a listing of all investments with or on behalf of theState or any of its agencies or institutions and shall include the particularagency or institution, fund, rate of return, duration of the investment, andthe amount of deposit on all noninterest bearing accounts. The first report isdue 90 days after July 1, 1982, and shall include all investments and depositsmade during the 1981‑82 fiscal year and all investments made during thefirst quarter of the 1982‑83 fiscal year; thereafter, reports shall bemade on a quarterly basis including all investments and deposits made duringthat reporting period. The report shall include a specific listing of allinvestments made with certified green managers and companies and funds thatsupport sustainable practices, including the names of the companies, managers,and funds, the amount invested, and the State's return on investment.

(d2)      After consultingwith the Select Committee on Information Technology and the Joint LegislativeCommission on Governmental Operations and after consultation with and approvalof the Information Resources Management Commission, the Department of StateTreasurer may spend departmental receipts for the 2000‑2001 fiscal yearto continue improvement of the Department's investment banking operationssystem, retirement payroll systems, and other information technologyinfrastructure needs. The Department of State Treasurer shall report by January1, 2001, and annually thereafter to the following regarding the amount and useof the departmental receipts: the Joint Legislative Commission on GovernmentalOperations, the Chairs of the General Government Appropriations Subcommitteesof both the House of Representatives and the Senate, and the Joint LegislativeCommittee on Information Technology.

(e)        The StateTreasurer, in carrying out the responsibilities of this section, shall beindependent of any fiscal control exercise by the Director of the Budget or theDepartment of Administration and shall be responsible to the General Assemblyand the people of North Carolina for the efficient and faithful exercise of theresponsibilities of his office. The State Treasurer, for all other purposes, issubject to Chapter 143C of the General Statutes. (1868‑9, c. 270, s. 71;Code, s. 3356; Rev., s. 5370; C.S., s. 7682; 1955, c. 577; 1957, c. 269, s. 1;1981 (Reg. Sess., 1982), c. 1282, s. 65; 1983, c. 913, s. 52; 2000‑67, s.24A; 2003‑284, s. 28.2(a); 2004‑129, s. 46A; 2006‑203, s.118; 2007‑323, s. 13.2(b).)

North Carolina Forms by Issue

North Carolina Gun Forms
North Carolina Real Estate Forms
North Carolina Tax Forms

North Carolina Law

North Carolina State Laws
    > North Carolina Child Support
    > North Carolina Gun Laws
    > North Carolina Statute
North Carolina Tax
    > North Carolina State Tax
North Carolina Labor Laws
    > North Carolina Unemployment
North Carolina Agencies
    > North Carolina Department of Corrections
    > North Carolina DMV
    > North Carolina Employment Security Commission
    > North Carolina Real Estate
    > North Carolina Secretary of State

North Carolina Court Map

Tips