Bill S. 438 seeks to amend the South Carolina Code of Laws regarding the Joint Bond Review Committee and related entities, focusing on the establishment, review, and approval processes for permanent improvement projects. Key changes include clarifying the responsibilities of the Joint Bond Review Committee, the State Fiscal Accountability Authority, and the Department of Administration. The bill specifies that only gifts-in-kind are exempt from the procurement code and removes a provision that previously required approval for certain projects. It also mandates compliance with nationally recognized codes for state agency expenditures, aiming to streamline the process while ensuring accountability.

Furthermore, the bill revises the review process for permanent improvement projects by establishing project priorities and requiring detailed proposals from agencies. It stipulates that projects exceeding certain cost thresholds must undergo review and approval, while allowing public institutions of higher learning to bypass some requirements for lower-cost projects with governing board approval. The bill amends Section 1-11-185 to clarify the approval process, allowing the Department of Administration to require submission of plans for projects costing one million dollars or less, while projects over that amount require approval from the State Fiscal Accountability Authority. Additionally, it authorizes the Department to create necessary regulations and manage transactions with other governmental entities, with generated revenue deposited into a special account for related costs. The act will take effect upon the Governor's approval.

Statutes affected:
03/11/2025: 2-47-30, 2-47-56, 10-1-180, 1-11-185
Latest Version: 2-47-30, 2-47-56, 10-1-180, 1-11-185