South Carolina Special Purpose District Accountability and Transparency Act
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
The South Carolina Special Purpose District Accountability and Transparency Act creates a new office within the State Auditor’s office to oversee and regulate special purpose districts in the state. The office will maintain a statewide directory of these districts, collect and publish financial reports and audits, monitor compliance, and enforce accountability measures. This aims to increase transparency and prevent financial mismanagement within these districts, modeled after successful practices in other states.
Key provisions
- Creates the South Carolina Special District Accountability Office (SDAO) within the State Auditor’s office.
- Requires districts to file annual budgets, financial reports, and audits with the SDAO.
- Mandates a public statewide directory of all special purpose districts.
- Establishes a public transparency portal for accessing district filings.
- Defines enforcement actions for non-compliance, including withholding state disbursements and potential dissolution.
- Requires annual training for district board members on financial reporting, ethics, and transparency.
- Allows the SDAO to promulgate regulations to support its functions.
Who is affected
- Special Purpose Districts
- Local Governments
- Taxpayers
- State Auditors
- District Board Members
Notable changes
Bill text
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