AN ACT TO LIMIT USE OF CONTINGENT-BASED CONTRACTS FOR AUDIT OR ASSESSMENT PURPOSES. Enacted June 24, 2015. Effective June 24, 2015.
Bill Summaries: S682 MODIFY SUNSET RE: CONTINGENT AUDITS.
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Bill S 682 (2015-2016)Summary date: Jun 29 2015 - View Summary
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Bill S 682 (2015-2016)Summary date: Mar 31 2015 - View Summary
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.