A BILL TO BE ENTITLED
AN ACT TO allow the Teachers' and State Employees' Comprehensive Major Medical Plan to change its plan year FROM A FISCAL YEAR TO A CALENDAR YEAR.
The General Assembly of North Carolina enacts:
SECTION 1.(a)  G.S. 135‑45.1(21) reads as rewritten:
"§ 135‑45.1.  General definitions.
As used in this Article unless the context clearly requires otherwise, the following definitions apply:
…
"(21)	Plan year. – An annual period established by the Executive Administrator and Board of Trustees under G.S. 135‑44.2A.
.…"SECTION 1.(b)  Part 2 of Article 3A of Chapter 135 of the General Statutes is amended by adding a new section to read:
"§ 135‑44.2A.  Plan year.
(a)	The plan year shall be July 1 through June 30 unless changed to a calendar year by the Executive Administrator and Board of Trustees after consultation with the Committee on Employee Hospital and Medical Benefits. If changed, the initial transition plan year after the change may be either six months or 18 months.
(b)	The plan year may be changed under this section only if the Plan has sufficient funds available to fund the transition costs without altering premium rates and benefit levels on account of the change."
SECTION 1.(c)  Except in G.S. 135‑44.5, the Revisor of Statutes shall delete the term "fiscal year" wherever it appears in Parts 1 through 3 of Article 3A of Chapter 135 of the General Statutes and substitute the term "plan year."
SECTION 2.  This act is effective when it becomes law.