147-78.1. Good faith deposits; use of master trust.
Notwithstanding any other provision of law, the State Treasurer is authorized to select a bank or trust company as master trustee to hold cash or securities to be pledged to the State when deposited with the State Treasurer pursuant to statute or at the request of another State agency. Securities may be held by the master trustee in any form that, in fact, perfects the security interest of the State in the securities. The State Treasurer shall contractually establish the manner in which the master trust shall operate. The master trustee may charge reasonable fees for services rendered to each person who deposits the cash or securities with the State. (1985, c. 496, s. 1; 2016-55, s. 1.6.)
Structure North Carolina General Statutes
North Carolina General Statutes
§ 147-65 - Salary of State Treasurer.
§ 147-66 - Office and office hours.
§ 147-68 - To receive and disburse moneys; to make reports.
§ 147-68.1 - Banking operations.
§ 147-68.2 - Confidentiality of warrants issued by the State.
§ 147-69 - Deposits of State funds in banks and savings and loan associations regulated.
§ 147-69.1 - Investments authorized for General Fund and Highway Funds assets.
§ 147-69.2 - Investments authorized for special funds held by State Treasurer.
§ 147-69.2A - Investments; special funds held by the State Treasurer.
§ 147-69.3 - Administration of State Treasurer's investment programs.
§ 147-69.3A - Liability insurance for State Treasurer.
§ 147-69.5 - Local Government Law Enforcement Special Separation Allowance Fund.
§ 147-69.6 - Swain County Settlement Trust Fund.
§ 147-69.7 - Discharge of duties to funds.
§ 147-69.8 - Annual report on new investment authority.
§ 147-69.9 - Third-party audit of State Treasurer's investments.
§ 147-69.10 - Investment policies and performance reviews of Retirement Systems investment programs.
§ 147-69.11 - Ethics policies.
§ 147-69.12 - Reporting on the State Treasurer's investment programs.
§ 147-70 - To make short-term notes in emergencies.
§ 147-71 - May demand and sue for money and property of State.
§ 147-72 - Ex officio treasurer of State institutions; duties as such.
§ 147-73 - Office of treasurer of each State institution abolished.
§ 147-74 - Office of State Treasurer declared office of deposit and disbursement.
§ 147-75 - Deputy to act for Treasurer.
§ 147-75.1 - Criminal record checks for the Department of State Treasurer.
§ 147-76 - Liability for false entries in his books.
§ 147-76.1 - Require deposit into the State treasury of funds received by the State.
§ 147-77 - Daily deposit of funds to credit of Treasurer.
§ 147-78 - Treasurer to select depositories.
§ 147-78.1 - Good faith deposits; use of master trust.
§ 147-79 - Deposits to be secured; reports of depositories.
§ 147-80 - Deposit in other banks unlawful; liability.
§ 147-81 - Number of depositories; contract.
§ 147-82 - Accounts of funds kept separate.
§ 147-83 - Receipts from federal government not affected.
§ 147-84 - Refund of excess payments.
§ 147-86 - Additional clerical assistance authorized; compensation and duties.
§ 147-86.1 - Pool account for local government unemployment compensation.
§ 147-86.2 - Information Technology fees; dispute resolution panel.