MODIFY SUNSET RE: CONTINGENT AUDITS.

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View NCGA Bill Details2015-2016 Session
House Bill 542 (Public) Filed Wednesday, April 1, 2015
AN ACT TO LIMIT USE OF CONTINGENT-BASED CONTRACTS FOR AUDIT OR ASSESSMENT PURPOSES.
Intro. by W. Brawley, Hager, Szoka.
Status: Ref to the Com on Local Government, if favorable, Finance (House Action) (Apr 6 2015)

Bill History:

H 542

Bill Summaries:

  • Bill H 542 (2015-2016)
    Summary date: Apr 2 2015 - View Summary

    Identical to S 682 filed on 3/26/15.

    Amends Section 6 of SL 2012-152 concerning contingency fee-based contracts, providing, as specified, cities and counties cannot renew contingency fee-based contracts for the specified services or assign further audits on a contingency fee basis to an auditing firm as specified after July 1, 2013 (previously, the prohibition on such contracts ran from July 1, 2013, to July 1, 2015). Makes clarifying changes. 

    Banking and Finance, Government, State Agencies, Department of State Treasurer
    UNCODIFIED
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