Boards & Committees

Boards and Committees Transparency Disclosure

Boards work best with members who think critically and represent perspectives from across our state’s communities. Achieving these goals with the members of our boards is a priority for the Department. The Department is committed to sharing as much relevant information as possible about our board members, in keeping with the best-practice standards from private sector companies.

ABLE Program Board of Trustees

ABLE Program Board of Trustees

ABLE Program Board of Trustees administers the North Carolina ABLE Program that was established under the Achieving a Better Life Experience Program Trust as per N.C. G.S. § 147-86.50.

The State Treasurer serves as Chair for the North Carolina ABLE Program Board of Trustees.  In addition to the Treasurer, the Board consists of five other members: two members serve ex-officio: the Commissioner of Banks (or designee) and the Secretary of North Carolina Department of Health and Human Services (or designee); one member appointed by the Governor who has experience in investments and finance; one person appointed by the General Assembly upon the recommendation of the Speaker of the House who has experience in advocacy for the disabled and one member appointed by the General Assembly upon recommendation of the President Pro Tempore of the Senate who is an immediate family member of an eligible individual or a guardian of eligible individual

Member Full Fame

City 

Board Position

Qualifications Appointer Appointment Began

Hon. Dale R. Folwell, CPA

Raleigh

State Treasurer (ex-officio)

State Treasurer

Ex-officio 1/1/2017

Raymond E. Grace

Raleigh

Commissioner of Banks (ex-officio)

Commissioner of Banks

Ex-officio 11/6/2015

Kody Kinsley

Raleigh

Dept. of Health and Human Services Secretary (ex-officio)

Designee of DHHS Secretary

Ex-officio 8/1/2018

Melinda Plue

Monroe

Immediate family member of an eligible individual or a guardian of an eligible individual

Social Work/Non-profit

Speaker 1/19/2016

Marquita Robertson

Knightdale

Experience in finance & investments

Financial education experience; marketing/communications

Governor 8/29/2018

Benjamin Wright

Wilmington

Experience in advocacy for the disabled

National Down Syndrome Society; pecial Olympics

President Pro Tempore 12/14/2015

 

NC Capital Facilities Finance Agency

NC Capital Facilities Finance Agency

The Capital Facilities Finance Agency was established to provide the benefits of tax-exempt financing for qualified nonprofit, private institutions of higher education, private elementary and secondary schools, and a variety of private nonprofit entities that provide services that are in the public interest.  State legislators felt that the people of the State of North Carolina should be given the fullest opportunity to learn and develop their intellectual capabilities and that it was essential for those institutions to be able to obtain financing to be able to construct and renovate their facilities.  N.C.G.S. 159D-36. For more information, please see the fact sheet or visit the NCFFA page.

The NCFFA has the State Treasurer serving as Chair and consists of six additional members:  The State Auditor, and five additional members who are residents of the State and shall not hold other public office.  Of the five members who are residents of the state, one shall be appointed by the General Assembly upon the recommendation of the President Pro Tempore of the Senate and one shall be appointed by the General Assembly upon recommendation of the Speaker of the House N.C.G.S. 159D-38(a).

Member Full Name

City

Board Position

Qualification Appointer Appointment Began
Hon. Dale R. Folwell, CPA Raleigh State Treasurer (ex-officio) State Treasurer Ex-officio 1/1/2017
Hon. Beth A. Wood Raleigh State Auditor (ex-officio) State Auditor Ex-officio 1/1/2009

Frank V. Beam

Shelby

General Public

General Public

Governor 4/27/2017

Marcus Bowen

Cary

General Public

General Public

Governor 7/29/2019
Theodore "Ted" Hicks, II Cary General Public General Public President Pro Tempore 10/28/2019

John Reid

Charlotte

General Public

General Public

Speaker 3/1/2013

DeAlva Wilson

Charlotte

General Public

General Public

Governor 3/27/2019

 

 

 

Debt Affordability Advisory Committee

Debt Affordability Advisory Committee

The Debt Affordability Advisory Committee oversees state management of debt capacity. The Committee annually advises the Governor and the General Assembly on the estimated debt capacity of the State for the upcoming ten fiscal years; oversees the undertaking of an annual debt affordability study and the establishment of guidelines for evaluating the State's debt burden; and recommends any other debt management policies it considers desirable and consistent with sound management of the State's debt.  For more information, see the Debt Affordability Advisory Committee fact sheet.

The State Treasurer serves as Chair.  In addition to the Treasurer, the Committee also consists of the following:  the Secretary of Revenue, the State Budget Officer, the State Auditor, the State Controller, two members of the public appointed by the President Pro Tempore of the Senate, and two members of the public appointed by the Speaker of the House.  N.C.G.S. 142-101.

Member Full Name City Board Position Qualification Appointer Appointment Began
Hon. Dale R. Folwell, CPA Raleigh State Treasurer (ex-officio) State Treasurer Ex-officio 1/1/2017
Hon. Dr. Linda Combs Raleigh State Controller (ex-officio) State Controller Ex-officio 4/27/2016
Hon. Ronald Penny Raleigh Secretary of Revenue (ex-officio) Secretary of Revenue Ex-officio 1/3/2017
Hon. Charles Perusse Raleigh State Budget Director (ex-officio) State Budget Director Ex-officio 1/1/2017
Hon. Beth A. Wood Raleigh State Auditor (ex-officio) State Auditor Ex-officio 1/1/2009
Frank Aikmus Monroe General Public General Public President Pro Tempore 10/3/2011
Bradford T. Briner Chapel Hill General Public General Public President Pro Tempore 11/21/2013
Eugene W. Chianelli, Jr. Raleigh General Public General Public Speaker 1/1/2015
Cecil T. Turner Cary General Public General Public Speaker 1/1/2015
Investment Advisory Committee

Investment Advisory Committee

The Investment Advisory Committee provides opinion on policies and general strategy for achieving investment of the Fund, including asset allocation, in consultation with the Investment Management Division personnel.

Meeting Minutes and Reports

Code of Ethics

IAC Charter

IAC Profile

Member Full Name City Board Position Qualification Appointer Appointment Began
Hon. Dale R. Folwell, CPA Raleigh State Treasurer (ex-officio) State Treasurer Ex-officio 1/1/2017
John Anarella Huntersville Experience in Administration of Large, Diversified Investment Programs Institutional Investment Management State Treasurer 8/7/2017
Warren Lentz Brewer Wilmington Experience in Administration of Large, Diversified Investment Programs/Current Member of TSERS & LGERS Boards Practical Banking State Treasurer 8/7/2017
Loris Colclough Raleigh Experience in Administration of Large, Diversified Investment Programs Institutional Investment Management State Treasurer 10/10/2018
VACANT   Experience in Administration of Large, Diversified Investment Programs   State Treasurer  
W. Michael Mebane Isle of Palms Experience in Administration of Large, Diversified Investment Programs Institutional Investment Management State Treasurer 8/7/2017
Greg Patterson Raleigh Experience in Administration of Large, Diversified Investment Programs/Current Member of TSERS & LGERS Boards Retail Investment Management, Securities State Treasurer 8/7/2017
Local Governmental Employees' Retirement System Board of Trustees

Local Governmental Employees' Retirement System Board of Trustees

The Local Governmental Employees' Retirement system administers and is responsible for the proper operation of the Retirement System for local government employees.

The Local Governmental Employees' Retirement System Board of Trustees consists of thirteen members.  The State Treasurer is the Chair.  In addition to the Treasurer, the Board consists of: the Superintendent of Public of Instruction and three other members of the Teachers and State Employees' Retirement System Board of Trustees. 

Each of remaining eight members, who are designated by the Governor, must be one of the following:  (1) mayor or member of a governing body of a city or town participating in the Retirement System; (2) a county commissioner of a county participating in the Retirement System; (3) a law enforcement officer employed by an employer participating in the Retirement System; (4) a county manager of a county participating in the Retirement System; (5) a city or town manager of a city or town participating in the Retirement System; (6) an active, local governmental employee; (7) a retired local governmental employee; and, (8) an active or retired member of the Firemen's and Rescue Squad Workers' Pension Fund.  N.C.G.S. 128-28(c).  

Member Full Name City Board Position Qualificaiton Appointer Appointment Began
Hon. Dale R. Folwell, CPA Raleigh State Treasurer (ex-officio) State Treasurer Ex-officio 1/1/2017
Kathryn Johnston Raleigh Superintendent of Public Instruction (ex-officio) Designee of Superintendent of Public Instruction Ex-officio 7/8/2019
Hon. Cleveland Atkinson, Jr. Rocky Mount Law Enforcement Officer Edgecombe County Sheriff Governor 12/17/2018
Melody Braddy Gastonia Local Government Employee Gastonia Asst. City Manager Governor 7/17/2020
Warren Lentz Brewer Wilmington TSERS Public Member General Public President Pro Tem 7/25/2013
Tony Brown Halifax County Manager Halifax County Manager Governor 7/10/2020
Allen Buansi Chapel Hill Member of Governing Body (Town Council Member) Chapel Hill Town Council Member Governor 3/27/2018
Homer Dearmin King City City Manager King City City Manager Governor 7/17/2020
Cecil Vernon Gammon Reidsville TSERS Public Member General Public Member Governor 3/1/2018
Kevin S. Gordon Shelby Firefighters' and Rescue Squad Workers' Pension Fund Member Firefighter/Rescue Squad Worker Governor 9/5/2013
Brenda Howerton Durham County Commissioner Durham County Commissioner Governor 6/30/2017
Jeffrey Morse Morganton Retired Local Government Employee Retired Local Government Employee Governor 7/13/2020
Greg Patterson Raleigh TSERS Public Member General Public Speaker 9/25/2015

 

Local Government Commission

Local Government Commission

The Local Government Commission provides oversight and assistance to local governments and authorities in financial and debt management practices and to provide guidelines, oversight and approval of the issuance of debt for all local units. For more information, please see the fact sheet or view the Local Government Commission section.

The State Treasurer serves as Chair of the Local Government Commission, along with eight additional members. Those members are: the State Auditor, the Secretary of State, and the Secretary of Revenue serve ex officio; the remaining five members are appointed.  Of the appointed members, three are appointed by the Governor; one by the General Assembly upon recommendation of the President Pro Tempore of the Senate, and one by the General Assembly upon the recommendation of the Speaker of the House.  Of the members appointed by the Governor, one shall be, or have been, the mayor or member of the governing board of a city, and one shall be, or have been, a member of a county board of commissioners.  N.C.G.S. 159-3(a).

Member Full Name City Board Position Qualifications Appointer Appointment Began
Hon. Dale R. Folwell, CPA Raleigh State Treasurer (ex-officio) State Treasurer Ex-officio 1/1/2017
Hon. Elaine F. Marshall Raleigh Secretary of State (ex-officio) Secretary of State Ex-officio 1/1/1997
Hon. Ronald Penny Raleigh Secretary of Revenue (ex-officio) Secretary of Revenue Ex-officio 1/3/2017
Hon. Beth A. Wood Raleigh State Auditor (ex-officio) State Auditor Ex-officio 1/1/2009
Joshua Bass Moyock General Public General Public Governor 7/31/2017
Viola Harris Tarboro Current or Former County Government Official Current Edgecombe County Commissioner Governor 6/30/2017
Edward Munn Gastonia General Public General Public President Pro Tem 7/1/2017
Michael D. Philbeck Shelby General Public General Public Speaker 7/1/2013
State Health Plan Board of Trustees

State Health Plan Board of Trustees

The State Health Plan Board of Trustees carries out their duties and responsibilities as fiduciaries for the State Health Plan. The Plan administers comprehensive group health plans for teachers, state employees, retirees, current and former lawmakers, state university and community college personnel, state hospital staff and their dependents, that are comprehensive in coverage. For more information, visit the State Health Plan website.

The State Treasurer serves as Chair.  In addition to the Treasurer, the board consists of nine additional members:  The Director of the Office of State Budget and Management; two members appointed by the Governor; two members appointed by the State Treasurer; two members appointed by the General Assembly upon recommendation of the Speaker of the House;  and, two members appointed by the General Assembly upon recommendation of the President Pro Tempore of the Senate. 

In making the appointments, one of the members appointed by the Governor and the State Treasurer and two of the members appointed by the General Assembly must be one of the following:   (1) an employee of a State Department, agency, or institution; (2) a teacher employed by the North Carolina public school system; (3) a retired employee of a State department, agency, or institution; or (4) a retired teacher from a North Carolina public school system.    The appointments must have the following expertise:  (1) actuarial science; (2) health economics; (3) health benefits and administration; or (4) health law and policy. N.C.G.S. 135-48.20.

Member Full Name City Board Position Qualifications Appointer Appointment Began
Hon. Dale R. Folwell, CPA Raleigh State Treasurer (ex-officio) State Treasurer Ex-officio 1/1/2017
Hon. Charles Perusse Raleigh State Budget Director (ex-officio) State Budget Director Ex-officio 1/1/2017
Wilbur 'Ted' Brinn Zebulon Retired State Employee  Retired State Employee Treasurer 10/24/2017
Lawrence "Larry" Chewning Rocky Mount Health Economics; Health Law and Policy Retired Chief Executive Officer of Health Care Entity Speaker 7/16/2019
Wilton Russell "Rusty" Duke Greenville Retired State Employee Retired State Employee of State Institution President Pro Tempore 7/1/2020
J. Wayne Fish Maggie Valley Active State Employee Current State Employee Governor 8/29/2018
Lisa Grimes Cary Health Benefits and Administration; Health Law Policy   B.S. Pharmacy President Pro Tempore 12/4/2018
Virginia Kim Hargett Marshville  Current Teacher Current Teacher Governor 7/12/2017
Dr. Donald L. Martin Jr. Tobaccoville  Retired School Employee    Retired School Employee Speaker 7/1/2016
Dr. Peter Robie Winston-Salem  NC Licensed Physician; Health Law and Policy North Carolina Licensed Physician Treasurer 6/30/2019

 

Supplemental Retirement Plans Board of Trustees

Supplemental Retirement Plans Board of Trustees

The Supplemental Retirement Board of Trustees administers the Supplemental Retirement Income Plan that was established under the North Carolina Public Employee Deferred Compensation Plan and the North Carolina Public School Teachers' and Professional Educators' Investment Plan. N.C.G.S. 143B-426.24 and N.C.G.S. 115C-341.2.

The State Treasurer serves as Chair for the Supplemental Retirement Board.  In addition to the Treasurer, the Board consists of eight other members:  six members appointed by the Governor who have experience in finance and investments, one of whom shall be a State employee and one of whom shall be a retired State or local governmental employee; one person appointed by the General Assembly upon the recommendation of the Speaker of the House; and one member appointed by the General Assembly upon recommendation of the President Pro Tempore of the Senate.  N.C.G.S. 135-96.

 

Member Full Name City Board Position Qualifications Appointer Appointment Began
Hon. Dale R. Folwell, CPA Raleigh State Treasurer (ex-officio) State Treasurer Ex-officio 1/1/2017
Melinda Baran Cary General Public General Public President Pro Tem 7/2/2012
Dayne Steven Beam Charlotte Experience in Finance & Investments Retail investment management Governor 5/28/2018
Lorraine Johnson Apex Experience in Finance & Investments Retail investment management Governor 5/25/2018
Michael H. Lewis Raleigh General Public    General Public Speaker 8/19/2014
Nigel Long Charlotte Experience in Finance & Investments     Institutional investment management Governor 5/25/2018
James Lumsden Raleigh Experience in Finance & Investments Real Estate/Institutional Investment Management Governor 8/18/2018
Nels Roseland Cary State Employee/Experience in Finance & Investments   Current State Employee/Experience in Finance & Investments Governor 1/4/2019
Chevella L. Thomas Durham Retired State Employee/Experience in Finance & Investments   Retired State Employee/Experience in Finance & Investments Governor 11/20/2018
Teachers' and State Employees' Retirement System Board of Trustees

Teachers' and State Employees' Retirement System Board of Trustees

The Board of Trustees of the Teachers' and State Employees' Retirement System is the general administrator and has the responsibility for the proper operation of the Retirement System.

The State Treasurer serves as Chair.  In addition to the Treasurer, the Board consists of twelve other members:  the Superintendent of Public Instruction, and nine members to be appointed by the Governor and confirmed by the Senate. Of those nine members, the following qualifications apply, (1) a member of the teaching profession of the State, (2) a representative of higher education, (3) a retired teacher drawing a retirement allowance, (4) a retired State employee who is drawing a retirement allowance, (5) a general State employee, (6) a law-enforcement officer employed by the State, (7) an active or retired member of the NC National Guard, and (8 &9) two people who are not members of the teaching profession or State employees.  The final two  members shall be appointed by the General Assembly, one of whom is recommended by the President Pro Tempore of the Senate, and the remaining upon the recommendation of the Speaker of the House, neither of these members may be active or retired teachers, State employees, or employees of a unit of local government. N.C.G.S. 135-6.

 

Member Full Name City Board Position Qualifications Appointer Appointment Began
Hon. Dale R. Folwell, CPA Raleigh State Treasurer (ex-officio) State Treasurer Ex-officio 1/1/2017
Hon. Barbara Gibson Raleigh Office of State Human Resources Director (ex-officio) Office of State Human Resources Director Ex-officio 1/2/2017
Kathryn Johnston Raleigh Superintendent of Public Instruction (ex-officio) Designee of Superintendent of Public Instruction Ex-officio 7/8/2019
Warren Lentz Brewer Wilmington General Public General Public President Pro Tem 7/25/2013
John Ebbighausen Raleigh Active or Retired NC National Guard Member NC National Guard Retired Member Governor 2/7/2018
Cecil Vernon Gammon Reidsville General Public General Public Governor 2/8/2018
Dirk German Apex Law Enforcement Officer Law Enforcement Officer Governor 2/7/2018
Linda Gunter Cary Retired Teacher/Public School Employee Retired Teacher/Public School Employee Governor 2/7/2018
Oliver Holley Ahoskie Active Teacher/Public School Employee Tyrrell County Schools Superintendent Governor 2/7/2018
Greg Patterson Raleigh General Public General Public Speaker 9/29/2015
Margaret Reader Raleigh Current State Employee/Local Government Employee Office of Administrative Hearings Human Resources Director Governor 6/29/2017
Joshua Smith Statesville General Public General Public Governor 6/29/2017
Jeffrey Winstead Raleigh Retired State Employee Retired State Employee Governor 6/29/2017