H3925: State Finances

Legislative Summary

Amend The South Carolina Code Of Laws By Adding Section 11-3-250 So As To Provide That The Comptroller General Shall Confirm The Accuracy Of Cash And Investments In The Treasury For The Previous Fiscal Year Annually; By Adding Section 11-5-290 So As To Provide That The State Treasurer Shall Maintain An Accounting Of Cash And Investments In The Treasury By Agency And Fund; By Amending Section 11-5-185, Relating To The Treasurer's Annual Report To The General Assembly, So As To Provide That The State Treasurer Shall Ensure Accuracy Of Certain Financial Data And Inform The General Assembly Of Any Substantive Concerns; And By Amending Section 11-7-60, Relating To The Comprehensive Annual Financial Report, So As To Provide That The State Auditor May Not Contract With The Same External Auditing Firm Without Prior Review By The Joint Bond Review Committee.