GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1999

S	1 

SENATE BILL 1433

Short Title:  Savings Reserve Acct. Interest.	(Public)

─────────────────────────────────────── 
Sponsors: Senators Foxx; Allran, Ballantine, Carpenter, Cochrane, Forrester, Garwood, Hartsell, Horton, Moore, Shaw of Guilford, and Webster.

─────────────────────────────────────── 
Referred to:  Finance.

─────────────────────────────────────── 

May 25, 2000

A BILL TO BE ENTITLED
AN ACT TO PROVIDE THAT INTEREST EARNED ON THE SAVINGS RESERVE ACCOUNT REMAINS IN THE SAVINGS RESERVE ACCOUNT.
The General Assembly of North Carolina enacts:
Section 1.  G.S. 143-15.3 is amended by adding a new subsection to read:
"( c)	Interest earnings derived from investment of the funds in the Savings Reserve Account shall be credited to the Savings Reserve Account."
Section 2.  This act becomes effective July 1, 2000.