A BILL TO BE ENTITLED
AN ACT TO AUTHORIZE CERTAIN CHARTER SCHOOLS TO ELECT TO PARTICIPATE IN THE TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM AND THE NORTH CAROLINA TEACHERS' AND STATE EMPLOYEES' COMPREHENSIVE MAJOR MEDICAL PLAN.
The General Assembly of North Carolina enacts:
SECTION 1.  Notwithstanding the time limitations contained in G.S. 135‑5.3(b) and G.S. 135‑40.3A(b), the board of directors of any charter school that received State Board of Education approval under G.S. 115C‑238.29D on or after January 1, 2002, may elect to become a participating employer in the Teachers' and State Employees' Retirement System in accordance with Article 1 of Chapter 135 of the General Statutes and may also elect to become a participating employing unit in the North Carolina Teachers' and State Employees' Comprehensive Major Medical Plan in accordance with Article 3 of Chapter 135. The elections authorized by this section shall be made no later than 30 days after the effective date of this act and shall be made in accordance with all other requirements of G.S. 135‑5.3 and G.S. 135‑40.3A.
SECTION 2.  This act is effective when it becomes law.