S.C. Code § 11-60-20

Current through 2024 Act No. 225.

Section 11-60-20 - Requirements for state agency to enter into a pay-for-success contract

Subject to Section 11-60-30, a state agency may enter into a pay-for-success contract only if the state agency head explains in writing how the contract will produce a quantifiable public benefit or financial savings to the State, by achieving meaningful impact outcomes and not simply short-term unsustainable outcomes, and outlines any risks associated with the proposed project.

S.C. Code § 11-60-20

Added by 2021 S.C. Acts, Act No. 52 (SB 461),s 2, eff. 5/17/2021.

2021 Act No. 52, Section 1, provides as follows:

"SECTION 1. This act must be known and may be cited as the 'South Carolina Pay-for-Success Performance Accountability Act'."