GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2009
SESSION LAW 2009-208
HOUSE BILL 543
AN ACT to repeal the penalty for community college audit exceptions.
The General Assembly of North Carolina enacts:
SECTION 1. G.S. 115D-5(m) reads as rewritten:
"(m) The State Board of
Community Colleges shall maintain an education program auditing function that
conducts an annual audit of each community college operating under the
provisions of this Chapter. The purpose of the annual audit shall be to ensure
that college programs and related fiscal operations comply with State law,
State regulations, State Board policies, and System Office guidance. The State
Board of Community Colleges shall require auditors of community college
programs to use a statistically valid sample size in performing program audits
of community colleges. All education program audit findings shall be forwarded
to the college president, local college board of trustees, the State Board of
Community Colleges, and the State Auditor. The State Board shall assess a
twenty-five percent (25%) fiscal penalty in addition to the audit exception on
all audits of both dollars and student membership hours excepted when the audit
exceptions result from nonprocessing errors."
SECTION 2. This act is effective when it becomes law.
In the General Assembly read three times and ratified this the 18th day of June, 2009.
s/ Walter H. Dalton
President of the Senate
s/ Joe Hackney
Speaker of the House of Representatives
s/ Beverly E. Perdue
Governor
Approved 12:15 p.m. this 26th day of June, 2009