summary
Introduced
01/10/2023
01/10/2023
In Committee
01/10/2023
01/10/2023
Crossed Over
Passed
Dead
05/09/2024
05/09/2024
Introduced Session
125th General Assembly
Bill Summary
A bill TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA BY ADDING CHAPTER 59 TO TITLE 11 SO AS TO PROVIDE FISCAL ACCOUNTABILITY OF QUASI-STATE AGENCIES BY THE SENATE FINANCE COMMITTEE AND THE HOUSE WAYS AND MEANS COMMITTEE, TO REQUIRE SUCH AGENCIES TO PROVIDE CERTAIN FINANCIAL INFORMATION, OPERATING PLANS, BONDING INFORMATION, AND CERTAIN INFORMATION RELATING TO REAL ESTATE TRANSACTIONS.
AI Summary
This bill aims to enhance the fiscal accountability of quasi-state agencies in South Carolina. It requires these agencies, which include entities like the South Carolina Ports Authority and the South Carolina Lottery Commission, to provide detailed financial and operational information to the Senate Finance Committee and House Ways and Means Committee every two years. The bill also mandates oversight and review of these agencies by the legislative committees, and allows the State Inspector General to investigate any issues of concern that arise. Additionally, the bill imposes restrictions on the issuance of debt and real estate transactions by these quasi-state agencies, requiring review and approval by the State Fiscal Accountability Authority and the Joint Bond Review Committee.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to Committee on Finance (on 01/10/2023)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.scstatehouse.gov/billsearch.php?billnumbers=0002&session=125&summary=B |
| Fiscal Note - S0002 2023-01-10 Introduced | https://www.scstatehouse.gov/sess125_2023-2024/fiscalimpactstatements/S0002%202023-01-10%20introduced.pdf |
| BillText | https://www.scstatehouse.gov//sess125_2023-2024/prever/2_20221201.htm |
| BillText | https://www.scstatehouse.gov/sess125_2023-2024/prever/2_20221201.htm |
| BillText | https://www.scstatehouse.gov/sess125_2023-2024/prever/2_20220112.htm |
Loading...