{"data":{"id":"us-nc/n.c.-gen.-stat.-159-40","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 159-40","heading":"Special regulations pertaining to nonprofit corporations receiving public funds.","body":"(a)\tIf a city or county grants or appropriates one thousand dollars ($1,000) or more in any fiscal year to a nonprofit corporation or organization, the city or county may require that the nonprofit corporation or organization have an audit performed for the fiscal year in which the funds are received and may require that the nonprofit corporation or organization file a copy of the audit report with the city or county.\n(b)\tAny nonprofit corporation or organization which receives one thousand dollars ($1,000) or more in State funds shall, at the request of the State Auditor, submit to an audit by the office of the State Auditor for the fiscal year in which the funds were received.\n(c)\tEvery nonprofit corporation or organization which has an audit performed pursuant to this section shall file a copy of the audit report with the office of the State Auditor.\n(d)\tThis section does not apply to the following:\n(1)\tSheltered workshops.\n(2)\tAdult development activity programs.\n(3)\tPrivate residential facilities for individuals with an intellectual or developmental disability.\n(4)\tDevelopmental day care centers.\n(5)\tAny nonprofit corporation or organization whose sole use of public funds is to provide hospital services or operate as a volunteer fire department, rescue squad, or ambulance squad, or which operates as a junior college, college, or university duly accredited by the southern regional accrediting association.\n(e)\tRepealed by Session Laws 1979, c. 905. (1977, c. 687, s. 1; 1977, 2nd Sess., c. 1195, s. 1; 1979, c. 905; 2018-47, s. 12.)","path":["Chapter 159. Local Government Finance.","Subchapter III. Budgets and Fiscal Control.","Article 3. The Local Government Budget and Fiscal Control Act.","Part 5. Nonprofit Corporations Receiving Public Funds."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_159/GS_159-40.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:24:52Z","sha256":"19b8d9aa15b1b83bb3dfbc43d2c20c0608333ad9eb6ca36ea36bacfc4adb471d","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-159-39","next":"us-nc/n.c.-gen.-stat.-159-41"},"notice":"GroundRules: Original legal text. Not legal advice."}