North Carolina 2025 Session Status: In Committee 6 D cosponsors

SB 279 — Baby Bond Trust Fund.

Last action — Passed 1st Reading

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced March 12, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Prognosis

Stalled 26% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 6 sponsors

    2 primary, 4 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (6 D).

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

What changed in the latest version

19 added · 20 removed

Plain-language change summary

The latest version of Senate Bill 279 includes a clarification on how the Board should notify individuals about certain actions, specifying a 30-day timeframe for notification. Moreover, it has removed some redundant wording, streamlining the language in the bill. These changes aim to clarify responsibilities while making the bill easier to understand, which can help ensure better compliance and communication among involved parties.

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Latest
FILED SENATE GENERAL ASSEMBLY OF NORTH CAROLINA Mar 12, 2025 S.B.
GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2025 S 1 SENATE BILL 279 Short Title:
279 SESSION 2025 PRINCIPAL CLERK S D SENATE BILL DRS15102-NIa-50 Short Title:
A BILL TO BE ENTITLED AN ACT TO ESTABLISH THE BABY BOND TRUST FUND AND TO APPROPRIATE MONEY FOR PURPOSES CONSISTENT WITH THAT FUND.
Rules and Operations of the Senate March 13, 2025 A BILL TO BE ENTITLED AN ACT TO ESTABLISH THE BABY BOND TRUST FUND AND TO APPROPRIATE MONEY FOR PURPOSES CONSISTENT WITH THAT FUND.
*DRS15102-NIa-50* General Assembly Of North Carolina Session 2025 (10) Office of Vital Records.
*S279-v-1* General Assembly Of North Carolina Session 2025 (10) Office of Vital Records.
(3) Within 30 days of notification by the Board pursuant to subdivision (1) of this subsection, the Department shall transfer a one-time deposit of two thousand dollars ($2,000) into the individual account of each new eligible individual.
(3) Within 30 days of notification bythe Board pursuant to subdivision (1) of this subsection, the Department shall transfer a one-time deposit of two thousand dollars ($2,000) into the individual account of each new eligible individual.
Neither the contributions to the Fund, nor the earnings thereon, shall be considered State monies, assets of the State, or State revenue for any purpose.
Neither the contributions to the Fund, nor the earnings thereon, shall be considered State monies, assets of the State, or State revenue for anypurpose.
Page 2 DRS15102-NIa-50 General Assembly Of North Carolina Session 2025 d.
Page 2 Senate Bill 279-First Edition General Assembly Of North Carolina Session 2025 d.
DRS15102-NIa-50 Page 3 General Assembly Of North Carolina Session 2025 (4) A person appointed by the Governor having experience in investments and finance.
Senate Bill 279-First Edition Page 3 General Assembly Of North Carolina Session 2025 (4) A person appointed by the Governor having experience in investments and finance.
The Board shall authorize the State Treasurer to be responsible for engaging and discharging investment managers and service providers, including contracting and contract monitoring, to implement the investment strategy established by the Board.
The Board shall authorize the State Treasurer to be responsible for engaging and discharging investment managers and service providers, includingcontracting and contract monitoring, to implement the investment strategy established by the Board.
Each strategy may include a combination of fixed income assets and preferred or common stocks issued by any company incorporated, or otherwise located within or outsidetheUnitedStates,orotherappropriateinvestmentinstrumentstoachievelong-termreturn througha combination of capital appreciationand current income.
Each strategy may include a combination of fixed income assets and preferred or common stocks issued by any company incorporated, or otherwise located within or outsidetheUnitedStates,orotherappropriateinvestmentinstrumentstoachievelong-termreturn through a combination of capital appreciationand current income.
Ifthe Board approves multiple forms of investment as investment strategy options, transfers of an account owner's accumulated funds shall be permitted among the various approved forms of investments, subject to reasonable restrictions approved by the Board.
If the Boardapproves multiple forms of investment as investment strategy options, transfers of an account owner's accumulated funds shall be permitted among the various approved forms of investments, subject to reasonable restrictions approved by the Board.
Page 4 DRS15102-NIa-50 General Assembly Of North Carolina Session 2025 (e) Discharge of Duties by the Board.
Page 4 Senate Bill 279-First Edition General Assembly Of North Carolina Session 2025 (e) Discharge of Duties by the Board.
– Nothing in this section shall be construed to create any obligation of the State Treasurer, the State, or any agency or instrumentality of the State to guarantee for the benefit of any parent, other interested party, or designated beneficiary the rate of return or other return for any contribution to the Fund and the payment of interest or other return on any contribution to the Fund.
– Nothing in this section shall be construed to create anyobligation of the State Treasurer, the State, or any agency or instrumentality of the State to guarantee for the benefit of any parent, other interested party, or designated beneficiary the rate of return or other return for any contribution to the Fund and the payment of interest or other return on any contribution to the Fund.
Such costs shall be allocated among the account holders in such manner as may be prescribed by the Board.
Such costs shall be allocated among the account holders in such manner as maybe prescribed bythe Board.
TheBoardshallnolessthanannuallyapproveabudgetandallocationofcosts.
TheBoardshallnolessthanannuallyapproveabudget andallocationofcosts.
DRS15102-NIa-50 Page 5 General Assembly Of North Carolina Session 2025 (d) Means-Tested Program.
Senate Bill 279-First Edition Page 5 General Assembly Of North Carolina Session 2025 (d) Means-Tested Program.
Page 6 DRS15102-NIa-50
Page 6 Senate Bill 279-First Edition
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How this bill changes current law

8 changes Share ↗

Compared against the N.C. General Statutes as published AI-generated reading aid — verify against the official bill.

The bill establishes the Baby Bond Program Trust Fund with various provisions for funding individual accounts for eligible individuals born on or after January 1, 2024.

  • Chapter 147

    Article 6H. Baby Bond Program Trust Fund. § 147-86.90. Policy and definitions.

    Creates a new Article 6H in Chapter 147 to establish the Baby Bond Program Trust Fund.

  • Chapter 147

    § 147-86.91. Baby Bond Program.

    Establishes the Baby Bond Program within the new Article 6H.

  • § 147-86.90

    (3) Code. – The Internal Revenue Code, as defined in G.S. 105-228.90.

    Defines 'Code' within the new Baby Bond Program context.

  • § 147-86.91

    (a) Baby Bond Program Trust Fund. – There is created in the Department of State Treasurer the Baby Bond Program Trust Fund to be administered by the Baby Bond Program Trust Fund Board of Trustees established in G.S. 147-86.92.

    Creates the Baby Bond Program Trust Fund under the Department of State Treasurer.

  • § 147-86.91

    (b) Accounts. – The following provisions apply to an individual account: (1) The Board shall establish an individual account for each eligible individual using the information provided to the Board by the Office of Vital Records...

    Outlines how individual accounts will be established for eligible individuals.

  • § 147-86.91

    (c) Contributions. – The Board is authorized to accept, hold, invest, and disburse contributions...

    Authorizes the Board to manage contributions to the Baby Bond Fund.

  • § 147-86.91

    (d) Distributions. – Distributions from individual accounts shall occur as follows: (1) Except as provided in subdivision (2) of this subsection, money may not be distributed from an individual account before an account holder is 18 years old.

    Establishes rules for the distribution of funds from individual accounts.

  • § 147-86.92

    § 147-86.92. Baby Bond Program Board of Trustees.

    Establishes a Board of Trustees to oversee the Baby Bond Program.

Action History

  1. Passed 1st Reading

  2. Ref To Com On Rules and Operations of the Senate

  3. Withdrawn From Com

  4. Re-ref Com On Appropriations/Base Budget

  5. Filed

Sponsors

Sponsorship breakdown

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2 sponsors · 4 co-sponsors · 173 not signed on

Sponsors (2)

Co-sponsors (4)

Not signed on (173)

173 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors SB 279?
SB 279 is sponsored by Mujtaba A. Mohammed (Democratic), Sophia Chitlik (Democratic), Jay J. Chaudhuri (Democratic), DeAndrea Salvador (Democratic), Natalie S. Murdock (Democratic), and Graig Meyer (Democratic).
What is the current status of SB 279?
This bill is in committee in the Senate. Introduced March 12, 2025. It must pass committee before a floor vote.
Where can I track SB 279?
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