North Carolina H506 modernizes state investment practices by establishing the North Carolina Investment Authority.
North Carolina H506, the 2025 State Investment Modernization Act, establishes the North Carolina Investment Authority to manage state investments. The Authority will oversee investments for various state funds, including retirement systems and special funds. It sets investment policies, approves contracts, and ensures ethical standards. The Authority will report annually on investment performance and risk management. The Act also outlines investment strategies, limits on digital asset investments, and requirements for third-party investment managers.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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