Arkansas Statutes
§ 4-28-104 — Audit of nonprofit organization
Arkansas·Title 4
(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.
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Related
§ 501
26 U.S.C. § 501
Legislative History
Acts 2001, No. 958, § 1.
Nearby Sections
15
§ 4-1-101
Short titles§ 4-1-102
Scope of subtitle§ 4-1-104
Construction against implicit repeal§ 4-1-105
Severability§ 4-1-106
Use of singular and plural - Gender§ 4-1-107
Section captions§ 4-1-201
General definitions§ 4-1-202
Notice - Knowledge§ 4-1-204
Value§ 4-1-205
Reasonable time - Seasonableness§ 4-1-206
Presumptions