04 NCAC 06C .1201
Investments shall be made pursuant to G.S. 54, Article 14 I. The Administrator shall consider agreements or options to buy or sell government securities at a future date that are speculative in nature as unsafe and unsound practices.
History Note: Authority G.S. 54‑109.12; 54‑109.82; 54‑109.92(a);
Eff. April 1, 1979;
Readopted Eff. February 1, 2018.