GENERAL ASSEMBLY OF NORTH CAROLINA

1983 SESSION

 

 

CHAPTER 503

HOUSE BILL 497

 

AN ACT TO AMEND CHAPTER 363 OF THE 1969 SESSION LAWS CONCERNING THE SUPPLEMENTAL RETIREMENT FUND FOR FIREMEN IN THE CITY OF NEWTON.

 

The General Assembly of North Carolina enacts:

 

Section 1.  Section 3(c) of Chapter 363 of the 1969 Session Laws, as amended by Chapter 298 of the 1981 Session Laws, is amended by substituting the language "two thousand four hundred dollars ($2,400)" for "three hundred dollars ($300.00)".

Sec. 2.  Chapter 363 of the 1969 Session Laws, as amended, is further amended by substituting the words "City of Newton" for the word "City", wherever it appears.

Sec. 3.  None of the provisions of this act shall create an additional liability for the Newton Firemen's Supplemental Retirement Fund unless sufficient current assets are available in the Fund to pay fully for the additional liability.

Sec. 4.  This act is effective upon ratification.

In the General Assembly read three times and ratified, this the 13th day of June, 1983.