Bill Summary for H 542 (2015-2016)

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Summary date: 

Apr 2 2015

Bill Information:

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.

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Bill 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.