AN ACT TO MODIFY THE COMMUNITY COLLEGES PROGRAM AUDITING FUNCTION.
Repeals Section 10.15(a) of SL 2013-360, which repealed subsection (m) of GS 115D-5 regarding the auditing function of community college programs, effective July 1, 2015.
Instead, amends GS 115D-5(m) as the title indicates. Directs the State Board of Community Colleges to maintain an accountability (was, education program auditing) function. Replaces the requirement for an annual audit with a requirement for periodic reviews of each community college operating under the provisions of GS Chapter 115D. Provides that the compliance review (was, annual audit) is to ensure: (1) accurate reporting to the Systems Office of data used to allocate state funds among community colleges and (2) that community colleges are consistent with the law in their charging and waving of tuition and registration fees. Provides additional criteria to be followed in conducting the compliance reviews. Directs the State Board of Community Colleges to adopt rules governing the frequency, scope, and standard of materiality for compliance reviews. Effective July 1, 2015, and applies to compliance reviews beginning with the 2015-16 academic year.
Except as otherwise indicated, this act is effective when it becomes law.
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