North Carolina § 116-30 - 8. Special responsibility constituent institutions: annual audit by State Auditor.

§ 116-30. 8. Special responsibility constituent institutions: annual audit by State Auditor.

Each special responsibility constituent institution shall be audited annually by the State Auditor. 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. 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. History (2011-145, s. 9.16; 2012-142, s. 17.2; 2013-373, s. 2.) Effect of Amendments. - Session Laws 2012-142, s. 17.2, effective July 1, 2012, inserted the third sentence in the first paragraph of the section. Session Laws 2013-373, s. 2, effective October 1, 2013, deleted "or certified public accountant" at the end of the section heading; and, in the first paragraph, added "by the State Auditor" at the end of the first sentence, deleted the former second and third sentences, which read "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," and in the present second sentence, inserted "and" preceding "the Board of Governors" and deleted "and the State Auditor" at the end.