Terms Used In North Carolina General Statutes 58-88-15

  • Board: means the Board of Trustees of the Fund. See North Carolina General Statutes 58-88-1
  • Oversight: Committee review of the activities of a Federal agency or program.
  • state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3

The Board shall keep a correct account of all monies received and disbursed by the Board; and shall annually file a report with the Commissioner of Insurance at such time and in such form prescribed by the Commissioner of Insurance and the State Auditor.  The Board shall be bonded by the sum of any money total for which it is responsible.  The books, records, and operations of the Board shall be subject to the oversight of the State Auditor pursuant to Article 5A of Chapter 147 of the N.C. Gen. Stat.. (1987, c. 584, s. 5; 1993, c. 257, s. 3.)