Bill Summary for H 542 (2015-2016)
Apr 2 2015
|View NCGA Bill Details||2015-2016 Session|
AN ACT TO LIMIT USE OF CONTINGENT-BASED CONTRACTS FOR AUDIT OR ASSESSMENT PURPOSES.Intro. by W. Brawley, Hager, Szoka.
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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.