Sen. Alexander files bill in North Carolina Senate revising state treasurer laws

A new bill filed by State Sen. Alexander seeks to update laws governing the Department of State Treasurer, focusing on retirement benefits, charter schools, and administrative procedures, according to the North Carolina State Senate.

The bill, filed as SB 363 on March 20 during the 2025 regular session, was formally listed with the short title: ‘DST Technical Corrections/Admin. Changes 2025.-AB’

The following is our breakdown, based on the actual bill text, and may include interpretation to clarify its provisions.

In essence, this bill modifies laws related to the North Carolina Department of State Treasurer, focusing on charter schools, retirement benefits, and administrative processes. It extends the provisional entry period for charter schools in the Teachers’ and State Employees’ Retirement System and shifts the authority to reverse benefit forfeitures due to felonious conduct from the State Treasurer to the Board of Trustees. It specifies procedures for fee allocation regarding out-of-state attorneys and revises the handling of ABLE accounts, including state claims after a beneficiary’s death. Additionally, the bill corrects statutory and chapter references, addresses survivor benefits, and mandates finance training and governance education under certain circumstances. The act takes effect upon becoming law.

A related bill, HB 476, was also filed in the North Carolina House, introduced by Rep. Carson Smith (and one other) on March 20, 2025.

Of the three sponsors of this bill, Bobby Hanig proposed the most bills (38) during the 2025 regular session.

Bills in North Carolina follow a multi-step process before becoming law. A lawmaker starts by filing a bill, which is assigned to a committee for review. The bill must be read three times in each chamber. If one chamber changes the bill after the other passes it, both must agree on the final version. Once both chambers approve the same bill, it goes to the governor, who has 10 days (or 30 if the legislature is not in session) to sign, veto, or let it become law without a signature.

You can read more about the bills and other measures here.

Alexander graduated from the University of North Carolina at Charlotte with a BA.

Alexander, a Republican, was elected to the North Carolina State Senate in 2019 to represent the state’s 44th Senate district, replacing previous state senator Vickie Sawyer.