North Carolina S709 — 2025 State Investment Modernization Act establishes the North Carolina Investment Authority to manage state investments.
The North Carolina S709 — 2025 State Investment Modernization Act establishes the North Carolina Investment Authority as a state agency to manage investments. The Authority will oversee funds from the General Fund, Highway Fund, and various special funds. It will be governed by a Board of Directors appointed by the Governor, State Treasurer, and legislative leaders. The Authority will have powers to invest in various assets, manage liquidity, and report on investments. The Authority will also be exempt from certain state budget laws and will report annually on its activities.
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- Legal Framework
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