Bill Text: NC S199 | 2015-2016 | Regular Session | Amended
Bill Title: Funds Deposited with Clerk of Court
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2015-08-18 - Ch. SL 2015-216 [S199 Detail]
Download: North_Carolina-2015-S199-Amended.html
GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2015
S 1
SENATE BILL 199
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Short Title: Funds Deposited with Clerk of Court. |
(Public) |
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Sponsors: |
Senator Randleman (Primary Sponsor). |
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Referred to: |
Rules and Operations of the Senate. |
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March 10, 2015
A BILL TO BE ENTITLED
AN ACT to increase the amount of funds in a single account on deposit with the clerk of superior court above which the excess must be invested pursuant to statutory requirements.
The General Assembly of North Carolina enacts:
SECTION 1. G.S. 7A‑112 reads as rewritten:
"(b) When money in a single account in excess of two
thousand dollars ($2,000)five thousand dollars ($5,000) is received
by the clerk by virtue or color of his or her office and it can
reasonably be expected that the money will remain on deposit with the clerk in
excess of six months from date of receipt, the money exceeding two thousand
dollars ($2,000)five thousand dollars ($5,000) shall be invested by
the clerk within 60 days of receipt in investments authorized by this section.
The first two thousand dollars ($2,000)five thousand dollars ($5,000)
of these accounts and money in a single account totaling less than two
thousand dollars ($2,000),five thousand dollars ($5,000), received
by the clerk by virtue or color of his or her office, shall be invested,
or administered, or invested and administered, by the clerk in accordance with
regulations promulgated by the Administrative Officer of the Courts. This
subsection shall not apply to cash bonds or to money received by the clerk to
be disbursed to governmental units."
SECTION 2. This act becomes effective July 1, 2015.
