NORTH CAROLINA GENERAL ASSEMBLY

1977 SESSION

 

 

CHAPTER 1195

HOUSE BILL 1686

 

 

AN ACT TO EXEMPT FROM G.S. 159-40 CERTAIN PROVIDER PRIVATE, NON‑PROFIT CORPORATIONS WHICH ARE LICENSED OR CERTIFIED BY THE STATE OF NORTH CAROLINA.

 

The General Assembly of North Carolina enacts:

 

Section 1.  G.S. 159-40, as the same appears in the 1977 Cumulative Supplement to Volume 3D, is hereby amended by adding a new subsection thereto to read as follows:

"(e)       The provisions of this section shall not apply to private, non-profit corporations which are licensed or certified by the State of North Carolina and are fiscally accountable to agencies of the State of North Carolina or to agencies of local governmental units with which they have contracted for the provision of services."

Sec. 2.  This act is effective upon ratification and shall have retroactive application to July 1, 1977.

In the General Assembly read three times and ratified, this the 16th day of June, 1978.