HB 1114 — General Statutes Commission Technical Corrections 2026.

– A person engaged in business who that has employees, including the State and its political subdivisions but excluding an Page 30 House Bill 1114-Second1114-First Edition General Assembly Of North Carolina Session 2025 individualwhoseonlyemployeesaredomesticworkersorcasuallaborerswho are hired to work at the individual's residence.

– A facility in North Carolina Carolina, other than a facility classified in NAICS Code Codes 31 through 33, the State of North Carolina (and and its local House Bill 1114-Second1114-First Edition Page 31 General Assembly Of North Carolina Session 2025 political subdivisions) subdivisions, and volunteer emergency service organizations whose members may might be exposed to chemical hazards during emergency situations.

Page 32 House Bill 1114-Second1114-First Edition General Assembly Of North Carolina Session 2025 (1) "Board".

This exemption shall be extended to any institution House Bill 1114-Second1114-First Edition Page 33 General Assembly Of North Carolina Session 2025 with respect applies to each program of study, equivalent experience, and or achievement test that the institution demonstrates testing that, as demonstrated bythe institution to the satisfaction of the Board should be exempt Board, meets the requirements for exemption under this subsection.

and Page 34 House Bill 1114-Second1114-First Edition General Assembly Of North Carolina Session 2025 that such Board.

House Bill 1114-Second1114-First Edition Page 35 General Assembly Of North Carolina Session 2025 The bond shall be in an amount determined by the Board to be adequate to provide indemnification to any student, or his the student's parent or guardian,undertheterms ofthebond.Thebondamountforaninstitutionshall be at least equal to the maximum amount of prepaid tuition held at any time during the last fiscal year by the institution.

An institution reviewed under this subdivision that subsequently loses its accreditation or experiences a change that requires a review under subdivision (3) or (4) of this subsection becomes subject to Page 36 House Bill 1114-Second1114-First Edition General Assembly Of North Carolina Session 2025 review on a two-year basis until the institution again qualifies for a six-year review under this subdivision.

House Bill 1114-Second1114-First Edition Page 37 General Assembly Of North Carolina Session 2025 SECTION 86.(e) G.S.

(2) For some extraordinary reason reason, the employee is incapable of repaying the obligation to the State according to the preceding terms to continue employment as long as he of the election but is attempting repayment in good Page 38 House Bill 1114-Second1114-First Edition General Assembly Of North Carolina Session 2025 faith under his the employee's present financial circumstances, but shall promptlyterminatetheemployee's employmentifheceasestomakepayments or discontinues a good faith effort to make repayment.circumstances." SECTION 86.(g) G.S.

House Bill 1114-Second1114-First Edition Page 39 General Assembly Of North Carolina Session 2025 (4) "Public official" means any person who is a member of any public office as defined by this Part.Public official.

– The sum of money required to pay installments of principal and interest on bonds, notes, and other evidences of Page 40 House Bill 1114-Second1114-First Edition General Assembly Of North Carolina Session 2025 debt accruing within a fiscal year, to maintain sinking funds, and to pay installments on debt instruments issued pursuant to Article 7A of this Chapter or Chapter 159G of the General Statutes and accruing within a fiscal year.

House Bill 1114-Second1114-First Edition Page 41 General Assembly Of North Carolina Session 2025 (d) Except as expressly provided herein, otherwise in this Article, this Article does not apply to local school administrative units.

…." SECTION 86.5.87.

116B-6 reads as rewritten:

"§ 116B-6.

Administration of Escheat Fund;

Escheat Account.

(a) Escheat Account.

– All funds received by the Treasurer as escheated or abandoned property and which were transferred prior to January 1, 1980, to the trust fund created under G.S.

116-209 shall remain in that trust fund and shall be placed in a special fund, designated the "Escheat Account."The Escheat Account is established as a special fund in the Reserve Trust Fund created under G.S.

116-209.

(b) Investment and Transfer of Assets;

Income.

– The Treasurer is the trustee of the Escheat Account and has full power to invest and reinvest the assets of the Escheat Account and the Escheat Fund.

Subject to the Treasurer's withholding an amount necessary to accomplish the Treasurer's duties as set out in this Chapter, including subsections (e), (f) (f), and (g) of this section, the Treasurer shall transfer, at least annually, to the Escheat Account all moneys then in the Treasurer's custody received as, or derived from the disposition of, escheated and abandoned property and shall disburse to the State Education Assistance Authority, as provided in G.S.

116B-7, the income derived from the investment of the Escheat Account and the Escheat Fund.

All moneys transferred to the Escheat Account under this section shall be accounted for and administered separately from other assets and money in the trust fund Reserve Trust Fund created under G.S.

116-209.

(c) Security Interest in Escheat Account.

– The State Education Assistance Authority, in addition to other powers vested under G.S.

116-201 to G.S.

116-209.23, inclusive, is authorized to Article 23 of Chapter 116 of the General Statutes, may pledge and or vest a security interest in all or any part of the Escheat Account, by resolution adopted or trust agreement approved by it, as security for or insurance respecting the payment of bonds or other obligations, as defined in G.S.

116-201, including principal, interest interest, and redemption premium, if any;

provided, that such premium.

A pledge and of or security interest in the Escheat Account shall, in the determination of the Authority, constitute a use of the Escheat Fund to aid worthy and needy students who are residents of this State and are enrolled in public institutions of higher education in this State.

The Authoritymaysubmit to the Treasurer, from time to time as it deems necessary, Treasurer requisitions for transfers of moneyin the Escheat Account to pay such bonds and other obligations to the extent necessary under such the pledge of, or security interest in, the Escheat Account, oranypartthereof,and theTreasurer is authorizedanddirectedtoshall paysuchmoney so requisitioned this money to the Authority for such these purposes.

(d) Limitation on Amount of Obligations Secured.

– The principal amount of bonds and otherobligations insured orsecuredbythe Escheat Account shall not exceed 10 timestheamount held for the credit of the Escheat Account, as certified from time to time by the Treasurer, and, in no event, shall exceed three hundred fifty million dollars ($350,000,000).

If the amount held for the credit of the Escheat Account, as certified by the Treasurer, shall be is ten percent (10%) or less of the principal amount of the bonds and other obligations so insured or secured, the Authority shall not issue any additional bonds or cause additional obligations to be insured or secured by the Escheat Account until such time as the amount held for the credit of the Escheat Account exceeds ten percent (10%) of the principal amount of the bonds and other obligations secured or insured by the Escheat Account.

Page 42 House Bill 1114-Second Edition General Assembly Of North Carolina Session 2025 (e) Use of Excess Funds.

– If the amount held for the credit of the Escheat Account at any time shall exceed the sum of exceeds thirty-five million dollars ($35,000,000), such the excess may be used by the State Education Assistance Authority, with the written approval of the Treasurer, for the purpose of either (i) making student loans or (ii) refunding outstanding bonds or other obligations issued by the Authority and secured by a pledge of, or a security interest in, the Escheat Account.

Any excess so The excess used shall be repaid by the Authority to the Escheat Account in the manner agreed between the Authority and the Treasurer.

(f) Refund Reserve.

– The Treasurer shall retain in the Escheat Fund, as a permanent refund reserve, either the sum of five million dollars ($5,000,000) or a sum equal to the total value of escheated or abandoned property received in the preceding fiscal year, whichever is greater, for the purpose of payment of refunds of escheated or abandoned property to persons entitled thereto.to them.

(g) Additional Funds for Refunds.

– If at any time the amount of the refund reserve shall be is insufficient to make refunds required to be made, the Treasurer, in addition, Treasurer may use all current receipts derived from escheated or abandoned property, exclusive of earnings and profits on investments of the Escheat Fund and the Escheat Account, for the purpose of making such refunds;

and if all such funds shall be inadequate for such refunds, refunds.

If these funds are insufficient to make refunds, the Treasurer may apply to the Council of State, pursuant to the State Budget Act, Chapter 143C of the General Statutes, to the limit of funds available from the Contingency and Emergency Fund, for a loan, without interest, to supply any deficiencies, in whole or in part.

No receipts derived from escheated or abandoned property, other than earnings or profits on investments, shall be paid to the Authority until:

(i) all valid claims for refund have been paid;

(ii) the reserve for refund shall equal equals five million dollars ($5,000,000);

and (iii) the amount loaned from the Contingency and Emergency Fund shall have has been repaid by the Escheat Fund.

(h) Expenditures.

– The Treasurer may expend the funds in the Escheat Fund, other than funds in the Escheat Account, for the payment of the following:

(1) claims Claims for refunds to owners, holders holders, and claimants under G.S.

116B-4;

for the payment of G.S.

116B-4.

(2) costs Costs of maintenance and upkeep of abandoned or escheated property;

property.

(3) costs Costs of preparing lists of names of owners of abandoned property to be furnished to clerks of superior court;

court.

(4) costs Costs of notice and publication;

publication.

(5) costs Costs of appraisals;

appraisals.

(6) fees Fees of persons employed pursuant to G.S.

116B-8 G.S.

116B-8.

(7) costs Costs involved in determining whether a decedent died without heirs;

heirs.

(8) fees of persons employed pursuant to G.S.

116B-8 to conduct audits;

costs Costs of a title search of real property that has escheated;

and escheated.

(9) costs Costs of auction or sale under this Chapter.

All All other costs, including salaries of personnel, necessary to carry out the duties of the Treasurer under this Chapter, shall be appropriated from the funds of the Escheat Fund pursuant to the provisions of Chapter 143C of the General Statutes.

(i) Records.

– The State Treasurer must maintain the records it receives received from holders who report unclaimed property in accordance with G.S.

116B-60.

To protect the privacy of the owners of unclaimed property, the only information that may be subject to public inspection will be limited to is the information the State Treasurer is required to annually submit to the clerks of superior court in accordance with G.S.

116B-62.

(j) Data Sharing.

– On or before February 1 of each year, the North Carolina Division of Motor Vehicles, Vehicles of the Department of Transportation, the North Carolina Department House Bill 1114-Second Edition Page 43 General Assembly Of North Carolina Session 2025 of Revenue, and the Division of Employment Security (DES) of the North Carolina Department of Commerce shall provide to the Treasurer, for the Treasurer's confidential use, information to facilitate locating owners of unclaimed property.

The Treasurer may shall not use any information obtained pursuant to this section for any purpose except for locating owners of unclaimed property." SECTION 87.

G.S.

Page 42 House Bill 1114-First Edition General Assembly Of North Carolina Session 2025 … (40) The Alarm System Security Systems Licensing Board, as established by G.S.

Page 44 House Bill 1114-Second Edition General Assembly Of North Carolina Session 2025 (42) TheCrimeVictimsCompensationCommission,asestablishedbyG.S.

House Bill 1114-First Edition Page 43 General Assembly Of North Carolina Session 2025 (75) The North Carolina Turnpike Authority.Authority, as established by G.S.

House Bill 1114-Second Edition Page 45 General Assembly Of North Carolina Session 2025 (79) Expired pursuant to 2010-31, s.

– Programs developed by the Commission to identify, locate, compensate, and indemnify tobacco producers, former allotment holders, and persons engaged in tobacco-related businesses who Page 44 House Bill 1114-First Edition General Assembly Of North Carolina Session 2025 havesuffered actual economiclosses in this Statedueto lost quota,thedecline in value of tobacco-related personal property assets, and declining market conditions resulting from the Master Settlement Agreement or declines in the tobacco-related segment of the State's economy.

Page 46 House Bill 1114-Second Edition General Assembly Of North Carolina Session 2025 (4) Master Settlement Agreement.

six members by the Governor, six members by the President Pro House Bill 1114-First Edition Page 45 General Assembly Of North Carolina Session 2025 Tempore of the Senate, and six members by the Speaker of the House of Representatives.

House Bill 1114-Second Edition Page 47 General Assembly Of North Carolina Session 2025 d.

Page 46 House Bill 1114-First Edition General Assembly Of North Carolina Session 2025 (e) Frequencyof Meetings.

The Commission may act upon a majority vote of the members of the Commission on matters involving the disbursement of funds and personnel matters properly before the Page 48 House Bill 1114-Second Edition General Assembly Of North Carolina Session 2025 Commission.

House Bill 1114-First Edition Page 47 General Assembly Of North Carolina Session 2025 (a) Funds held in the Fund may be expended on compensatory programs as provided in this section.

House Bill 1114-Second Edition Page 49 General Assembly Of North Carolina Session 2025 (1) Indemnify tobacco producers, former allotment holders, and persons engaged in tobacco-related businesses from the adverse economic effects in this State of the Master Settlement Agreement.

Upon demand of the Auditor, access shall extend to databases, datasets, and digital records necessary for any purpose within the authority of the Auditor, including performing audits of Page 48 House Bill 1114-First Edition General Assembly Of North Carolina Session 2025 any type, assessing government efficiency, risk assessment, fraud detection, audit planning, and evidence gathering.

Notwithstanding confidentiality provisions of tax laws, the Auditor may use and disclose Page 50 House Bill 1114-Second Edition General Assembly Of North Carolina Session 2025 information related to overdue tax debts in support of the Auditor's statutory mission.

House Bill 1114-First Edition Page 49 General Assembly Of North Carolina Session 2025 (c) Authority to Administer Oaths, Subpoena Witnesses and Records, and Take Depositions.

– (1) For the purposes of this Article the Auditor or his authorized representative shall and the Auditor's authorized representatives have the power to subpoena witnesses, to take testimony under oath, to cause the deposition of witnesses (residing within or without the State) to be taken in a manner prescribed by House Bill 1114-Second Edition Page 51 General Assembly Of North Carolina Session 2025 law, residing inside or outside the State, and to assemble records and documents, by subpoena or otherwise.

…." SECTION 90.5.(a)91.(a) G.S.Section 4 of S.L.

164-10 reads as rewritten:

"§ 164-10.

Supplements to the Publication of the General Statutes;

rearrangement of laws, laws and correction of errors.

(a) The Legislative Services Office shall have the following duties and powers with regard to the supplements to the General Statutes:cause to be published, under its supervision, an accurate transcription of all laws of a general and permanent nature enacted by the General Assembly, to be known as the General Statutes.

In fulfilling this requirement, the Legislative Services Office has the following duties:

(1) WithinsixmonthsaftertheadjournmentofeachGeneralAssembly,orassoon thereafter as possible, the Legislative Services Office shall cause to be published under its supervision, cumulative supplements to the General Statutes, and any replacement or recompiled volumes thereof, which shall contain an accurate transcription of all laws of a general and permanent nature enactedbytheGeneral Assembly,thematerial containedin thenext preceding supplement, complete and accurate annotations to the statutes, appendix and other material accumulated since the publication of the next preceding supplement, andacumulativeindex ofsaidmaterial.Toincludein oneormore publications of the General Statutes complete and accurate annotations to the statutes, an index to the statutes, and other material the Legislative Services Office considers necessary and proper.

(2) Periodically, every six months after the publication and issuance of a cumulative supplement following a session of the General Assembly, or as soon thereafter as possible, the Legislative Services Office shall cause to be published an interim supplement containing all pertinent annotations and other material found by the Legislative Services Office to be necessary and proper, accumulating since the publication of the said cumulative supplement or the last interim supplement.To periodically update the General Statutes to include laws enacted since their most recent publication and to update annotations to the General Statutes and other material the Legislative Services Office considers necessary and proper.

(3) In the preparation of the general and permanent laws enacted by the General Assembly the Legislative Services Office is hereby authorized:

(b) When preparing the General Statutes for publication, the Legislative Services Office may take any of the following actions:

Page 52 House Bill 1114-Second Edition General Assembly Of North Carolina Session 2025 a.(1) To rearrange Rearrange the order of chapters, subchapters, articles, sections and other divisions or subdivisions;sections, and subunits.

b.(2) To provide Provide titles for any such divisions or subdivisions and section titles or catchlines when they are not provided by such laws;session law.

c.(3) To adopt Adopt a uniform system of lettering or numbering sections and the various subdivisions thereof and to reletter or renumber sections and section subdivisions provisions in accordance with such uniform system;the system.

d.(4) To rearrange Rearrange definitions in alphabetical order;order.

e.(5) To rearrange Rearrange lists of counties in alphabetical order;

andorder.

f.(6) To make such Make any other changes in arrangement and form that do not change the law as may be found by the Legislative Services Office and are necessaryfor an accurate, clear clear, and orderly codification of such general and permanent laws.the General Statutes." SECTION 90.5.(b) G.S.

164-11 reads as rewritten:

"§ 164-11.

Supplements General Statutes prima facie statement of laws;

method of citation.laws.

(a) The supplements to the General Statutes of North Carolina, or to any replacement or recompiled volumes of the General Statutes, and periodic updates to them, when printed publishedunderthesupervisionoftheLegislativeServices OfficeshallestablishOffice,establish prima facie the general and permanent laws of North Carolina contained in said supplements.Carolina.

(b) The cumulative pocket supplement may be cited as "G.S., Supp.

19 _____" and the interim supplement may be cited as _____ G.S.

In.

Supp.

19 _____," the blank in front of "G.S." to be filled in with the number of the interim supplement for that year." SECTION 91.(a) Section 4 of S.L.

Page 50 House Bill 1114-Second1114-First Edition Page 53