GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1997

H	1 

HOUSE BILL 308

Short Title:  Repeal Sunset on FICA Saving Use.	(Public)

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Sponsors: Representatives Fitch; Adams, Arnold, Baddour, Blue, Bonner, Culp, Cunningham, Easterling, Hackney, H. Hunter, Insko, Jarrell, Kinney, Mosley, Russell, Smith, Wainwright, and Warner.

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Referred to:  Public Employees.

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February 24, 1997

A BILL TO BE ENTITLED
AN ACT TO MAKE PERMANENT A PROVISION ALLOWING SAVINGS IN EMPLOYER FICA CONTRIBUTIONS TO BE USED TO PAY FOR ADMINISTRATIVE EXPENSES OF FLEXIBLE COMPENSATION PROGRAMS FOR STATE EMPLOYEES AND EMPLOYEES OF EDUCATIONAL INSTITUTIONS SUPPORTED BY THE STATE.
The General Assembly of North Carolina enacts:
Section 1.  Section 14(i) of Chapter 1044 of the 1991 Session Laws, as amended by Section 42 of Chapter 561 of the 1993 Session Laws and Section 7.28A of Chapter 769 of the 1993 Session Laws, reads as rewritten:
"(i)	Subsections (a) through (d) of this section are effective January 1, 1990.  Subsections (e) through (h) of this section are effective January 1, 1991.  "
Section 2.  This act is effective when it becomes law.