A BILL TO BE ENTITLED
AN ACT concerning investments of the city of charlotte.
The General Assembly of North Carolina enacts:
SECTION 1.  Chapter 8 of the Charter of the City of Charlotte, being S.L. 2000‑26 as amended, is amended by adding a new Article to read:
"ARTICLE VII.  INVESTMENT AUTHORITY.
"Section 8.141. Certain investments. In addition to the authority granted in G.S. 159‑30, the City may invest and reinvest any of the City's employee benefit funds, risk reserve funds, cemetery perpetual care funds, and capital reserves, as designated from time to time by the City Council, in one or more of the following listed securities or investments that are authorized by State law for the State Treasurer:   G.S. 147‑69.2(b)(1) through G.S. 147‑69.2(b)(6), and G.S. 147‑69.2(b)(8)."
SECTION 2.  This act is effective when it becomes law.