Title 50 — Title 50
0 chapters · 848 sections in this title.
O.C.G.A. § 50-20-1 Legislative intent
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The intent of this chapter is to provide auditing and reporting requirements for nonprofit organizations which provide services and facilities to the state, to ensure the financial accountability of nonprofit contractors, and to develop adequate information concerning nonprofit contr…
O.C.G.A. § 50-20-2 Definitions
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As used in this chapter, the term: (1) ‘‘Corrective action plan’’ means a plan of corrective action prepared by the nonprofit organization which addresses each audit 377 50-20-2 finding included in the auditor’s report. The corrective action plan shall provide the name or names of …
O.C.G.A. § 50-20-3 Requirements from nonprofit contractors; audits; political activities
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(a) Before entering into a financial agreement with a nonprofit organization, the head of the contracting state organization shall require the nonprofit organization to furnish financial and such other information as he or she may deem necessary to establish whether or not the nonpro…
O.C.G.A. § 50-20-4 Audits and financial statements; role of state auditor
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(a) The state auditor shall review the nonprofit organization’s reporting package or financial statements to ensure compliance with the requirements for audits and financial statement presentation for nonprofit organizations. If the state auditor finds such requirements have not been …
O.C.G.A. § 50-20-5 State organizations required to report to state auditor
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(a) It shall be the duty of the contracting state organization to determine the financial viability of the nonprofit organization as described in subsection (a) of Code Section 50-20-3 before entering into a financial agreement with a nonprofit organization and to monitor the perform…
O.C.G.A. § 50-20-6 Failure to comply; penalties
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(a) A nonprofit organization which receives state awards from a state organization and which, after having received the funds, does not comply with this chapter shall be required to repay the funds to the state organization and shall be prohibited from receiving funds from any sta…
O.C.G.A. § 50-20-8 Applicability
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(a) Except as provided in paragraphs (1) through (3) of subsection (b) and paragraphs (1) and (2) of subsection (c) of this Code section, all contracts between a nonprofit organization and a state organization shall be subject to this chapter. (b) This chapter shall not apply to: …