A BILL TO BE ENTITLED
AN ACT exempting the employees of the state banking commission from coverage under the state personnel act.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 126‑5(c1) is amended by adding a new subdivision to read:
"(23)	The Office of the Commissioner of Banks."
SECTION 2.  The exemption from the State Personnel Act authorized by this act shall be used by the Office of the Commissioner of Banks to develop organizational and compensation innovations that will result in the enhanced efficiency of operations. The Office of State Personnel shall assist the Commissioner of Banks in the development and implementation of an organizational structure and human resources programs that make the most appropriate use of the exemption. The Commissioner of Banks may, under the supervision of the Office of State Personnel, undertake human resources demonstration projects to develop and implement organizational and compensation innovations having the potential to benefit all State agencies. 
By April 1, 2007, the Commissioner of Banks and the Office of State Personnel shall report jointly to the General Assembly on the results of the demonstration projects in meeting the agency's personnel needs and enhancing the efficiency of its operations.
SECTION 3.  This act becomes effective July 1, 2005.