§ 159-40. Special regulations pertaining to nonprofit corporations receiving public funds. - North Carolina Statutes

Part 5.  Nonprofit Corporations Receiving PublicFunds.

§ 159‑40.  Special regulations pertaining tononprofit corporations receiving public funds.

(a)        If a city or county grants or appropriates one thousanddollars ($1,000) or more in any fiscal year to a nonprofit corporation ororganization, the city or county may require that the nonprofit corporation ororganization have an audit performed for the fiscal year in which the funds arereceived and may require that the nonprofit corporation or organization file acopy of the audit report with the city or county.

(b)        Any nonprofit corporation or organization which receives onethousand dollars ($1,000) or more in State funds shall, at the request of theState Auditor, submit to an audit by the office of the State Auditor for thefiscal year in which such funds were received.

(c)        Every nonprofit corporation or organization which has anaudit performed pursuant to this section shall file a copy of the audit reportwith the office of the State Auditor.

(d)        The provisions of this section shall not apply to shelteredworkshops or to Adult Development Activity Programs or to private residentialfacilities for the mentally retarded and developmentally disabled or toDevelopmental Day Care Centers or to any nonprofit corporation or organizationwhose sole use of public funds is to provide hospital services or operate as avolunteer fire department, rescue squad, ambulance squad, or which operates asa junior college, college or university duly accredited by the southernregional accrediting association.

(e)        Repealed by Session Laws 1979, c. 905. (1977, c. 687, s. 1; 1977, 2nd Sess., c. 1195, s. 1;1979, c. 905.)