SECTION .0400 ‑ EQUITY INVESTMENT FUND

20 NCAC 01G .0401          GENERAL

(a)  The Equity Investment Fund is established as a convenient means for all eligible retirement systems to investment in equity securities. After each set of transactions between the participating retirement systems and the Equity Investment Fund, each participating retirement system shall have approximately the same ratio of equity investment to total investment at the end of the next preceding month.

(b)  When used in this Section, the unmodified term "Investment Fund" shall mean the Equity Investment Fund.

(c)  Participation in the investment fund is a necessary precondition for participation by an eligible retirement system in the Long‑Term Fixed Income Investment Fund.

History Note:        Filed as an Emergency Regulation Eff. July 1, 1979, for a

Period of 120 Days to Expire on October 29, 1979;

Statutory Authority G.S. 147‑69.3;

Made Permanent Eff. October 29, 1979.