Bill Summary for S 682 (2015-2016)

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Summary date: 

Mar 31 2015

Bill Information:

View NCGA Bill Details2015-2016 Session
Senate Bill 682 (Public) Filed Thursday, March 26, 2015
AN ACT TO LIMIT USE OF CONTINGENT-BASED CONTRACTS FOR AUDIT OR ASSESSMENT PURPOSES.
Intro. by Gunn, Clark.

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Bill 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.