20 NCAC 01G .0501. GENERAL

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(a) The Real Estate Investment Fund is established as a convenient means for all eligible retirement systems to investment in real estate. After each set of transactions between the participating retirement systems and the Real Estate Investment Fund, each participating retirement system shall have approximately the same ratio of real estate 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 Real Estate 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: Authority G.S. 147‑69.3(j);

Eff. June 1, 1984.

                    
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