South Carolina § 11-60-20 Requirements for state agency to enter into a pay-for-success contract.

South Carolina Statutes

§ 11-60-20 — Requirements for state agency to enter into a pay-for-success contract.

South Carolina § 11-60-20

Title 11PUBLIC FINANCE

Ch. 60PAY-FOR-SUCCESS PERFORMANCE ACCOUNTABILITY

This text of South Carolina § 11-60-20 (Requirements for state agency to enter into a pay-for-success contract.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 11-60-20 (2026).

Text

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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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'."