GB 53, Financial Accountability Act

Financial Accountability Act

GB 53, 86th Session

Version Info:

12-17-2006, as initially introduced: HTML

1-24-2007, as amended by Senate: HTML

Version Downloads (Senators only).

Basic Information:

Primary Sponsor(s):

Compton (Corresponding)

Secondary Sponsor(s):

Saunders

Current Status:

Enrolled

Report(s):

GO-42

Long Title:

A BILL TO BE ENTITLED AN ACT TO ESTABLISH FINANCIAL ACCOUNTABILITY IN OUTSIDE FUNDING SOURCES

Summary of Purpose:

A BILL TO BE ENTITLED AN ACT TO ESTABLISH FINANCIAL ACCOUNTABILITY IN OUTSIDE FUNDING SOURCES

Consideration History:

12-13-2006:

Filed for introduction

1-10-2007 Senate:

First Reading

1-21-2007 Committee:

Government Operations Committee Consideration
The Government Operations Committee reported the bill to Senate by consent, GO-42

1-24-2007 Senate:

Second Reading
Adopted by consent

Online Text

(as of 1-24-2007, as amended by Senate)

GOVERNMENT BILL 53

A BILL TO BE ENTITLED

AN ACT TO ESTABLISH FINANCIAL ACCOUNTABILITY IN OUTSIDE FUNDING SOURCES

Short Title: Financial Accountability Act (public)

Sponsored by: Treasurer Compton

Secondary Sponsors: Senators SAUNDERS and HANKINS

Signatories: HUTCHERSON (senator emeritus)

First Reading: January 10, 2006 Version Date: November 29, 2006

Referred to: Finance Committee__________________________________________.

WHEREAS, the current statutes on Student Government financial matters have no guaranteed accountability; and,

WHEREAS, a call for a more accountably process and transparent process in Student Government Allocations; now, therefore be it

ENACTED, by the North Carolina State University Student Senate that:

Section 1. Article 1 of the Chapter 5 Student Body Statutes shall be amended and creation of a new §5-1.18.A the following inserted:

§5-1.18.A External Funding

By June 30, all external groups receiving funds directly out of a budget line-item in the past fiscal year shall submit to the Treasurer a detailed breakdown of the use of those funds. All such organizations shall be barred from receiving any funds from Student Government until delinquent reports are submitted.

Section 5. This act shall be effective upon enrollment.

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