Arkansas § 4-28-104 Audit of nonprofit organization

Arkansas Statutes

§ 4-28-104 — Audit of nonprofit organization

Arkansas § 4-28-104

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This text of Arkansas § 4-28-104 (Audit of nonprofit organization) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 4-28-104 (2026).

Text

(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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(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.