The Daily Bulletin: Monday, April 15, 2013
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UNC
SCHOOL OF GOVERNMENT
Published on Legislative Repotting Service ( http:/
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lrs.sog.unc.edu)
The Daily Bulletin: Monday, April 15, 20 13
PUBLIC/ HOUSE BILLS
H 333 (2013-2014) SEX OFFENDER RESIDENCY/ REGIS. AMENDMENTS. Filed Mar 19
20Б.
A BILL TO BE ENTITLED
AN ACT TO CLARIFY SEX OFFENDER STATUTES RELATING TO RESIDENCY AND REGISTRATION.
House amendment to the 1st edition makes the following changes. Deletes the proposed changes to GS 14- 20 8. 16(a)
and SL 2006-247, Section 11(c) (which provided that the prohibition on registered sex offenders from knowingly
residing within 1,000 feet of any public or nonpublic school or childcare center applied to any registrant who did not
establish his or her residence prior to August 16, 2006). Amends GS 14-208. ll(al) deleting the proposed change that
law enforcement officers, regardless of their jurisdiction, must immediately arrest or seek an order for the arrest of a
person violating provisions concerning failure to register, falsification of verification notice, and failure to return
verification form in subdivision (a).
Intro, by Warren, Moffitt, Schaffer, Whitmire. GS 14
Corrections (Sentencing/ Probation), Criminal Law and
Procedure
H 793 (20 13-2014) HOAS/ FIDELITY BONDS. Filed Apr 10 2013. A BILL TO BE ENTITLED AN ACT PROVIDING THAT
CERTAIN CONDOMINIUM AND PLANNED COMMUNITY ASSOCIATIONS SHALL OBTAIN AND MAINTAIN A FIDELITY BOND
INSURING THE ASSOCIATIONS FROM LOSSES RESULTING FROM THEFT OR DISHONESTY COMMITTED BY MEMBERS OF
THE EXECUTIVE BOARD OR PERSONS EMPLOYED BY THE ASSOCIATIONS AND PROVIDING THAT ANY MANAGEMENT
AGENT OR COMPANY HIRED BY AN ASSOCIATION SHALL AT ALL TIMES BE COVERED BY A FIDELITY BOND.
Amends GS Chapter 47C (North Carolina Condominium Act) and GS Chapter 47F (North Carolina Planned
Community Act), providing that associations or unit owners' associations that have annual assessments for common
expenses of $ 100,000 or more must obtain and maintain a fidelity bond that insures the association against losses
resulting from theft or dishonesty by the officers, members, or employees of the association. Coverage will be in the
amount of at least $1 million and the bond will be obtained on behalf of the association by the executive board.
Provides that management agents or companies hired by an association or unit owners' association must be covered
at all times by a fidelity bond. Sets out the process to determine who is a management agent or company for the
purposes of this section. Provides that a management agent or company is any person who, for compensation or the
expectation of compensation, performs two or more of six specified activities, including preparing budgets, financial
statements, or other financial reports for an association or unit owners' association or collecting, disbursing, or
otherwise exercising dominion or control over money or other property belonging to an association or unit owners'
association. Coverage provided must be at a minimum of $ 1 million and the bond is required to comply with specified
conditions, including but not limited to, being written by an insurance company authorized to write fidelity bonds in
North Carolina, covering the association's or unit owners' association manager and all or a portion of the employees,
and protecting all or a portion of the association funds in custody of the manager or employees.
Provides that an annual independent financial audit will be required if the association or unit owners' association has
annual assessments for common expenses of $250,000 or more. The audit, if required, must be completed no later
than one year after the end of the association's fiscal year and will be made available to unit or lot owners within 30
days after its completion.
Makes conforming changes to the applicability section of GS Chapters 47C and 47F.
Effective J uly 1, 2013.
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