GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1989

H	1 

HOUSE BILL 1197

Short Title:  Audit State Grant Recipients.	(Public)
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Sponsors: Representative Pope.
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Referred to:  Government.
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April 12, 1989

A BILL TO BE ENTITLED
AN ACT TO PROVIDE FOR AUDIT OF NONGOVERNMENT RECIPIENTS OF STATE APPROPRIATIONS.
The General Assembly of North Carolina enacts:
Section 1.  Article 5A of Chapter 147 is amended by adding a new section to read:
"§ 147-64.6B.  Audit of nongovernment recipients of State appropriations.
(a)	The books, records, and operations of nongovernment recipients of State appropriations shall be subject to the oversight of the State Auditor pursuant to this Article.  The cost of all audits shall be paid from the funds of the recipient audited.
(b)	Each nongovernment recipient of a State appropriation shall file with the Attorney General and the State Auditor an annual audited financial report and an annual report containing the names of its board of directors and officers, their addresses, and the annual compensation, if any, paid to them by the recipient.  The reports required by this section shall be open to public inspection."
Sec. 2.  This act shall become effective July 1, 1989, and shall apply to appropriations made on or after that date.