A BILL TO BE ENTITLED
AN ACT allowing mecklenburg county to invest funds set aside for other post‑employment benefits in equities.
The General Assembly of North Carolina enacts:
SECTION 1.  Notwithstanding the provisions of G.S. 153A‑93, 153A‑149, 159‑18, 159‑30, 159‑31, or any other provision of law, a county may invest funds that have been set aside in an irrevocable trust to generate income to pay the costs of other post‑employment benefits in equities specified in G.S. 147‑69.2(b)(8).
SECTION 2.  This act applies to Mecklenburg County only.
SECTION 3.  This act is effective when it becomes law.