GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2003

H                                                                                                                                                    2

HOUSE BILL 1723

Committee Substitute Favorable 6/23/04

Short Title:     Charter School Retirement Election.	(Public)
Sponsors:
Referred to:

May 27, 2004

A BILL TO BE ENTITLED

AN ACT to authorize existing charter schools to elect to participate in the teachers' and state employees' retirement system and the north carolina teachers' and state employees' major medical plan.

The General Assembly of North Carolina enacts:

SECTION 1.  Notwithstanding the time limitations contained in G.S. 135‑5.3(b) and G.S. 135‑40.3A(b), the boards of directors of (i) New Century High School, a charter high school currently in Chapel Hill but relocating effective July 1, 2004, in Saxapahaw; (ii) Lake Norman Charter School in Huntersville; and (iii) Exploris Middle School in Raleigh, a charter school division of Exploris; may elect to become participating employers in the Teachers' and State Employees' Retirement System in accordance with Article 1 of Chapter 135 of the General Statutes and may also elect to become participating employing units in the North Carolina Teachers' and State Employees' Comprehensive Major Medical Plan in accordance with Article 3 of Chapter 135. The elections authorized by this section shall be made no later than 30 days after the effective date of this act and shall be made in accordance with all other requirements of G.S. 135‑5.3 and G.S. 135‑40.3A.

SECTION 2.  This act is effective when it becomes law.