NC · constitutions
N.C. Const. art. V, § 6
Inviolability of sinking funds and retirement funds
(1) Sinking funds. The General Assembly shall not use or authorize to be used any part of the amount of any sinking fund for any purpose other than the retirement of the bonds for which the sinking fund has been created, except that these funds may be invested as authorized by law.
(2) Retirement funds. Neither the General Assembly nor any public officer, employee, or agency shall use or authorize to be used any part of the funds of the Teachers' and State Employees' Retirement System or the Local Governmental Employees' Retirement System for any purpose other than retirement system benefits and purposes, administrative expenses, and refunds; except that retirement system funds may be invested as authorized by law, subject to the investment limitation that the funds of the Teachers' and State Employees' Retirement System and the Local Governmental Employees' Retirement System shall not be applied, diverted, loaned to, or used by the State, any State agency, State officer, public officer, or public employee.
Provenance
- Source
- ncleg.gov
- Retrieved
- 2026-09-25
- Edition
- 2026-09-25
- Content hash
0ca1eadb0ad00b4a33ef554b1ff9b808574b35d8fc0787ec5ca86ee4d4fe02b6
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