There is a newer version
of
this Section
2018 Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 3 - Corporations and Associations
Chapter 28 - Nonprofit Organizations
Subchapter 1 - General Provisions
§ 4-28-104. Audit of nonprofit organization
Universal Citation: AR Code § 4-28-104 (2018)
(a) For purposes of this section:
(1) "Nonprofit organization" means an organization exempt from taxation under § 26 U.S.C. 501(c)(3); and
(2) "State financial assistance" means all state funds given, granted, or disbursed to a nonprofit organization pursuant to appropriation laws to provide services for the citizens of this state or for capital projects.
(b)
(1) Any nonprofit organization receiving state financial assistance shall be subject to audit of its receipt and expenditure of state financial assistance by Arkansas Legislative Audit.
(2) An audit shall be conducted by Arkansas Legislative Audit only after approval by the Legislative Joint Auditing Committee.
Disclaimer: These codes may not be the most recent version. Arkansas may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.