20 NCAC 01G .0307. REDEMPTION OF OWNERSHIP UNITS

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(a) Participants shall redeem ownership units in the investment fund on the last day of a calendar month in amounts to be determined by the State Treasurer.

(b) Redemptions shall be effective at the close of business on the last calendar day of the month. If the last day falls on a Saturday or a Sunday, the transactions will be effective on that date. All transactions will be effected by a transfer of cash to the Short‑Term Investment Fund to be deposited therein to the credit of the participant.

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;

Amended Eff. February 1, 1982.

                    
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