TO STUDY THE ADEQUACY OF CURRENT CONSUMER PROTECTIONS FOR BUSINESS OPPORTUNITY AND FRANCHISE SALES.
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.
© 2022 School of Government The University of North Carolina at Chapel Hill
This work is copyrighted and subject to "fair use" as permitted by federal copyright law. No portion of this publication may be reproduced or transmitted in any form or by any means without the express written permission of the publisher. Distribution by third parties is prohibited. Prohibited distribution includes, but is not limited to, posting, e-mailing, faxing, archiving in a public database, installing on intranets or servers, and redistributing via a computer network or in printed form. Unauthorized use or reproduction may result in legal action against the unauthorized user.