2025 State Investment Modernization Act.

Added explicit exemption for the Investment Authority from the State Budget Act and Chapter 143C of the General Statutes, giving it greater independence from state budgetary controls.

Changed the bill status from 'Committee Substitute Favorable 4/16/25' to 'Ratified Bill', indicating the legislation has been approved and finalized.

Removed committee and adoption dates, replacing them with the ratified status to reflect the bill's final legislative stage.

The definition of 'Retirement Systems' in Section 2.1 was modified to change 'Rescue Workers' to 'Rescue Squad Workers' in the description of the North Carolina Firefighters' and Rescue Workers' Pension Fund.

Added new repeal provision for G.S. 147-66 in Section 1.2(a1), which was not present in the previous version.

Reordered and renumbered the recodification list in Section 1.2, moving the G.S. 147-66 repeal to the beginning of the list and adjusting subsequent section numbers accordingly.

Added a new Part II header for the North Carolina Investment Authority creation section, improving document organization.

Updated bill version numbers from Edition 2 to Edition 3 and added Senate committee adoption date.

Removed sponsor names (Representatives B. Jones, K. Hall, Ross, and Tyson) and the complete list of sponsors reference from the bill header.

Removed the 'Referred to' committee information from the bill header.

Added a committee substitute date (4/16/25) to the bill header indicating this is an amended version of the legislation.

Header formatting was updated to reflect official edition status with revised document identifiers and sponsor information formatting.

Document tracking numbers were updated from draft identifiers (DRH30227-MRp-94A) to official edition identifiers (H506-v-1).