South Carolina Statutes
§ 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.
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South Carolina § 11-60-20 (Requirements for state agency to enter into a pay-for-success contract.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 2021 Act No. 52 (S.461), SECTION 2, eff May 17, 2021. Editor's Note 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'."
Nearby Sections
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§ 11-60-10
Definitions.