GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2013
SENATE BILL 354
RATIFIED BILL
AN ACT to revise the responsibilities of the state auditor by removing the state auditor from ex officio membership on the committee on actuarial valuation of retired employees' health benefits and by solidifying the state auditor's role in auditing schools in the university of north carolina system.
The General Assembly of North Carolina enacts:
SECTION 1. G.S. 135-48.12(b)(2) is repealed.
SECTION 2. G.S. 116-30.8 reads as rewritten:
"§
116-30.8. Special responsibility constituent institutions: annual audit
by State Auditor or certified public accountant.Auditor.
Each special responsibility
constituent institution shall be audited annually.annually by the
State Auditor.The Chancellor of the special responsibility constituent
institution may use State funds to contract with the State Auditor or with a
certified public accountant to perform the audit. The contract for audit
services may be for up to three years in duration. The audit shall be
provided to the Chancellor and Board of Trustees of the special responsibility
institution, and the Board of Governors of The University of North Carolina,
and the State Auditor.Carolina. The audit shall also be included in
the State's Comprehensive Annual Financial Report (CAFR).
The Board of Governors of The University of North Carolina shall ensure that all special responsibility constituent institutions are audited in accordance with this section."
SECTION 3. This act becomes effective October 1, 2013.
In the General Assembly read three times and ratified this the 26th day of July, 2013.
s/ Tom Apodaca
Presiding Officer of the Senate
s/ Thom Tillis
Speaker of the House of Representatives
_____________________________________
Pat McCrory
Governor
Approved __________.m. this ______________ day of ___________________, 2013