§ 11-60-10 Definitions
§ 11-60-20 Requirements for state agency to enter into a pay-for-success contract
§ 11-60-30 Approval by authority required prior to competitive solicitation or contract formation
§ 11-60-40 Requirements for pay-for-success contracts
§ 11-60-50 Establishment of trust fund for purpose of making success payments under pay-for-success contracts; receipt of funds; payments
§ 11-60-60 Status reports; accounting for trust fund revenue separately from general fund revenues; private-sector organization considered a “public body”
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Terms Used In South Carolina Code > Title 11 > Chapter 60 - Public Finance

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Freedom of Information Act: A federal law that mandates that all the records created and kept by federal agencies in the executive branch of government must be open for public inspection and copying. The only exceptions are those records that fall into one of nine exempted categories listed in the statute. Source: OCC
  • Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
  • Trustee: A person or institution holding and administering property in trust.