Bill Summary for H 462 (2011-2012)

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Bill: CONTINGENCY CONTRACTS FOR AUDITS/ASSESSMENTS (NEW).

Summary date: 

Jun 18 2012
S.L. 2012-152

Bill Information:

View NCGA Bill Details2011-2012 Session
House Bill 462 (Public) Filed Thursday, March 24, 2011
TO STUDY THE ADEQUACY OF CURRENT CONSUMER PROTECTIONS FOR BUSINESS OPPORTUNITY AND FRANCHISE SALES.
Intro. by McCormick.

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Bill summary

Senate amendments make the following changes to 2nd edition, as amended.
Amendment #2 makes a clarifying change to GS 116B-8.
Amendment #3 makes a conforming change to GS 116B-6(h) (concerning Treasurer’s expenditures).
Amendment #4 changes the act’s effective date as follows: (1) applies to audits, determinations of liability, and assessments contracted for on or after July 1, 2013 (was, 2012) and (2) prohibits local governments and the State Treasurer from renewing such contracts after July 1, 2013 (was, 2012).