STATE STATUTES & CODES
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NORTH CAROLINA STATUTES AND CODES
§ 77-115. Funding.
§ 77‑115. Funding.
(a) Each commissionshall annually adopt a budget that shall include the estimated income andexpenses of each commission. Funding for the commissions shall be shared andapportioned between the State of North Carolina and the State of South Carolinaas each state may provide through its regular appropriations process.
(b) The accounts andrecords of each commission showing the receipt and disbursement of funds fromwhatever source derived shall be in the form that the Auditor of North Carolinaand the State Auditor of South Carolina prescribe. The accounts and records ofeach commission shall be subject to an annual audit by the Auditor of NorthCarolina and the State Auditor of South Carolina or their legalrepresentatives. The cost of the annual audits shall be borne by eachcommission. The results of the audits shall be delivered to the JointLegislative Commission on Governmental Operations of the General Assembly ofNorth Carolina and to the General Assembly of South Carolina as the GeneralAssembly of South Carolina shall provide. (2004‑83, s. 1.)