AN ACT AUTHORIZING THE LOCAL GOVERNMENT COMMISSION TO REQUIRE BASIC FINANCIAL TRAINING FOR FINANCE OFFICERS OF CERTAIN LOCAL GOVERNMENTS AND PUBLIC AUTHORITIES.
House committee substitute makes the following changes to the 1st edition.
Amends GS 159-25 by removing financial training from the title of the statute.
Amends GS 159-25(a), setting out the duties of finance officers under the Local Government Budget and Fiscal Control Act, by adding a new duty to attend any training required by the Local Government Commission under the statute. Makes the language gender-neutral throughout subsection (a) of the statute. Makes a technical change.
Deletes the previous language of GS 159-25(d) and now provides the following. Grants the Local Government Commission the authority to require any finance officer or any other employee who performs the duties of a finance officer to participate in training related to the power, duties, and responsibilities of the finance officer if (1) the Commission is exercising its authority under Article 10 of GS Chapter 159 (assistance for defaulting units in refinancing debt) with respect to the employing local government or (2) the public authority or the employing local government or public authority has received a unit letter from the Commission due to a deficiency in complying with GS Chapter 159. Allows the Commission to collaborate with the UNC School of Government, the North Carolina Community College System, and other educational institutions in the State to develop and deliver the training required by new subsection (d) of the statute.
Amends GS 159-6, setting out fees of the Local Government Commission, by adding new subsection (f) to allow the Commission to charge and collect fees for expenses incurred in developing and delivering the training for finance officers and other employees who perform the duties of a finance officer under GS 159-25, as amended by the act.
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