S449 - Continuing Budget Operations Part IV. (SL 2025-97)

View Bill Information

Session Year 2025

Overview: Section 7.2 of S.L. 2025-97 (Senate Bill 449) provides that Article 143B of the North Carolina General Statutes does not apply to the Department of State Treasurer. Certain entities are authorized to elect to participate in information technology programs, services, or contracts offered by the Department of Information Technology, but the election must be made in writing. This section also provides that for the Department of State Treasurer, other than the Investment Authority, the election must be made in writing by the State Treasurer. For the Investment Authority, the written election must be made by the Board of Directors of the Investment Authority.

This section became effective October 22, 2025.