NORTH CAROLINA GENERAL ASSEMBLY

1971 SESSION

 

 

CHAPTER 911

SENATE BILL 909

 

 

AN ACT TO PROVIDE ADMINISTRATIVE EXPENSES FOR THE TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM.

 

The General Assembly of North Carolina enacts:

 

Section 1. Effective July 1, 1971, and for each year of the 1971-73 Biennium, administrative expenses for the operation of the Teachers' and State Employees' Retirement System shall be paid from the Pension Accumulation Fund held by the System.

Sec. 2.  This act shall become effective July 1, 1971.

In the General Assembly read three times and ratified, this the 19th day of July, 1971.