AN ACT TO LIMIT USE OF CONTINGENT-BASED CONTRACTS FOR AUDIT OR ASSESSMENT PURPOSES. Summarized in Daily Bulletin 6/7/12, 6/12/12, and 6/18/12. Enacted July 12, 2012. Effective July 1, 2012.
CONTINGENCY CONTRACTS FOR AUDITS/ASSESSMENTS (NEW).
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View NCGA Bill Details(link is external) | 2011-2012 Session |
TO STUDY THE ADEQUACY OF CURRENT CONSUMER PROTECTIONS FOR BUSINESS OPPORTUNITY AND FRANCHISE SALES.Intro. by McCormick.
Bill History:
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Wed, 23 Mar 2011 House: Filed(link is external)
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Mon, 28 Mar 2011 House: Passed 1st Reading(link is external)
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Mon, 28 Mar 2011 House: Ref To Com On Commerce and Job Development(link is external)
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Fri, 3 Jun 2011 House: Reptd Fav(link is external)
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Fri, 3 Jun 2011 House: Cal Pursuant Rule 36(b)(link is external)
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Fri, 3 Jun 2011 House: Placed On Cal For 6/3/2011(link is external)
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Fri, 3 Jun 2011 House: Passed 2nd & 3rd Reading(link is external)
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Mon, 6 Jun 2011 Senate: Rec From House(link is external)
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Mon, 6 Jun 2011 Senate: Passed 1st Reading(link is external)
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Mon, 6 Jun 2011 Senate: Ref To Com On Commerce(link is external)
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Thu, 7 Jun 2012 Senate: Reptd Fav Com Substitute(link is external)
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Thu, 7 Jun 2012 Senate: Com Substitute Adopted(link is external)
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Mon, 11 Jun 2012 Senate: Withdrawn From Cal(link is external)
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Mon, 11 Jun 2012 Senate: Placed On Cal For 6/12/2012(link is external)
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Tue, 12 Jun 2012 Senate: Amend Adopted 1(link is external)
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Tue, 12 Jun 2012 Senate: Passed 2nd Reading(link is external)
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Wed, 13 Jun 2012 Senate: Withdrawn From Cal(link is external)
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Wed, 13 Jun 2012 Senate: Placed On Cal For 6/14/2012(link is external)
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Thu, 14 Jun 2012 Senate: Withdrawn From Cal(link is external)
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Thu, 14 Jun 2012 Senate: Placed On Cal For 6/18/2012(link is external)
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Mon, 18 Jun 2012 Senate: Amend Adopted 2(link is external)
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Mon, 18 Jun 2012 Senate: Amend Adopted 3(link is external)
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Mon, 18 Jun 2012 Senate: Amend Adopted 4(link is external)
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Mon, 18 Jun 2012 Senate: Withdrawn From Cal(link is external)
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Mon, 18 Jun 2012 Senate: Placed On Cal For 6/19/2012(link is external)
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Tue, 19 Jun 2012 Senate: Amend Recon 4(link is external)
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Tue, 19 Jun 2012 Senate: Amend Failed 4(link is external)
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Tue, 19 Jun 2012 Senate: Passed 3rd Reading(link is external)
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Tue, 19 Jun 2012 Engrossed(link is external)
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Wed, 20 Jun 2012 House: Rec From Senate(link is external)
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Wed, 20 Jun 2012 House: Rec To Concur S Com Sub(link is external)
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Wed, 20 Jun 2012 House: Ref To Com On Commerce and Job Development(link is external)
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Thu, 28 Jun 2012 House: Reptd Fav To Concur(link is external)
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Thu, 28 Jun 2012 House: Cal Pursuant Rule 36(b)(link is external)
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Thu, 28 Jun 2012 House: Placed On Cal For 6/28/2012(link is external)
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Tue, 3 Jul 2012 House: Concurred In S/Com Sub(link is external)
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Tue, 3 Jul 2012 Ratified(link is external)
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Tue, 3 Jul 2012 Pres. To Gov. 7/3/2012(link is external)
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Thu, 12 Jul 2012 Signed By Gov. 7/12/2012(link is external)
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Thu, 12 Jul 2012 Ch. SL 2012-152(link is external)
Bill Summaries:
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Summary date: Jul 17 2012 - View Summary
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Bill H 462 (2011-2012)Summary date: Jun 18 2012 - View Summary
Senate amendments make the following changes to 2nd edition, as amended.
Amendment #2 makes a clarifying change to GS 116B-8.
Amendment #3 makes a conforming change to GS 116B-6(h) (concerning Treasurer’s expenditures).
Amendment #4 changes the act’s effective date as follows: (1) applies to audits, determinations of liability, and assessments contracted for on or after July 1, 2013 (was, 2012) and (2) prohibits local governments and the State Treasurer from renewing such contracts after July 1, 2013 (was, 2012).
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Bill H 462 (2011-2012)Summary date: Jun 12 2012 - View Summary
Senate amendment makes the following changes to 2nd edition. Amends proposed language in GS 116B-8 to allow the Treasurer to contract with a person on a contingent fee basis to perform audits of life insurance companies if the audit is being conducted to identify unclaimed death benefits or unredeemed bond funds.
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Bill H 462 (2011-2012)Summary date: Jun 7 2012 - View Summary
Senate committee substitute makes the following changes to 1st edition.
Deletes all provisions in the previous edition and replaces them with AN ACT TO LIMIT USE OF CONTINGENT-BASED CONTRACTS FOR AUDIT OR ASSESSMENT PURPOSES.
Enacts new subsection (a1) to GS 105-243.1 to prohibit the Secretary of Revenue from employing an agent who is paid on a contingent basis. Adds a similar provision to GS 105-299 (experts employed to assist county assessors), GS 153A-146 (experts employed by counties), and GS 160A-206 (experts employed by cities). Also adds a similar provision to GS 116B-8 (auditor contracts with State Treasurer), and makes a conforming change to remove language allowing contingent compensation. Applies to audits, determinations of liability, and assessments contracted for on or after July 1, 2012. Prohibits local governments and the State Treasurer from renewing such contracts after July 1, 2012.
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Bill H 462 (2011-2012)Summary date: Mar 24 2011 - View Summary
Authorizes the Legislative Research Commission (Commission) to conduct a study as title indicates. Permits the Commission to consider proposed reforms in House Bill 2036 of the 2010 Session of the General Assembly, titled the NC Franchisee Protection Act.