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  G.S. 135-48.12(b)(2) is repealed.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