North Carolina § 159-32 - Daily deposits.

§ 159-32. Daily deposits.

Except as otherwise provided by law, all taxes and other moneys collected or received by an officer or employee of a local government or public authority shall be deposited in accordance with this section. Each officer and employee of a local government or public authority whose duty it is to collect or receive any taxes or other moneys shall, on a daily basis, deposit or submit to a properly licensed and recognized cash collection service all collections and receipts. However, if the governing board gives its approval, deposits or submissions to a properly licensed and recognized cash collection service shall be required only when the moneys on hand amount to five hundred dollars ($500.00) or greater. Until deposited or officially submitted to a properly licensed and recognized cash collection service, all moneys must be maintained in a secure location. All deposits shall be made with the finance officer or in an official depository. Deposits in an official depository shall be immediately reported to the finance officer by means of a duplicate deposit ticket. The finance officer may at any time audit the accounts of any officer or employee collecting or receiving taxes or other moneys, and may prescribe the form and detail of these accounts. The accounts of such an officer or employee shall be audited at least annually. The Secretary may, during an emergency declaration issued under G.S. 166A-19.20, set the amount of moneys on hand requiring daily deposits and may require deposits on less than a daily basis, provided the moneys are maintained in a secure location and deposited at least weekly. History (1927, c. 146, s. 19; 1929, c. 37; 1939, c. 134; 1955, cc. 698, 724; 1971, c. 780, s. 1; 1973, c. 474, s. 27; 2017-204, s. 6.1(a); 2020-3, s. 4.28(a).) Local Modification. - Franklin: 2018-9, s. 1; Wake and municipalities and special districts located therein: 2018-9, s. 1; City of Greensboro: 1995, c. 79, s. 1; city of Winston-Salem: 1995 (Reg. Sess., 1996), c. 639, s. 1, as amended by 2011-89, s. 1. Editor's Note. - Session Laws 2020-3, s. 5, is a severability clause. Session Laws 2017-204, s. 6.1(b), made the amendment to the section by Session Laws 2017-204, s. 6.1(a), effective October 1, 2017. Session Laws 2017-204, s. 7.1, is a severability clause. Effect of Amendments. - Session Laws 2017-204, s. 6.1(a), effective October 1, 2017, rewrote the second and third sentences, and inserted the present fourth sentence. Session Laws 2020-3, s. 4.28(a), effective May 4, 2020, designated the existing provisions as subsection (a); and added subsection (b).