2017 South Carolina Code of Laws
Title 9 - Retirement Systems
CHAPTER 4 - SOUTH CAROLINA PUBLIC EMPLOYEE BENEFIT AUTHORITY
Section 9-4-40. Audit.
Every four years the State Auditor shall employ a private audit firm to perform a fiduciary audit on the South Carolina Public Employee Benefit Authority. The audit firm must be selected by the State Auditor. A report from the private audit firm must be completed by January 15, 2019, and every four years after that time. Upon completion, the report must be submitted to the Governor, the President Pro Tempore of the Senate, the Speaker of the House of Representatives, the Chairman of the Senate Finance Committee, and the Chairman of the House Ways and Means Committee.
HISTORY: 2012 Act No. 278, Pt IV, Subpt 1, Section 30.A, eff July 1, 2012; 2017 Act No. 13 (H.3726), Pt. II, Section 5, eff July 1, 2017.
Effect of Amendment
2017 Act No. 13, Pt. II, Section 5, in the first sentence, substituted "Every four years the State Auditor shall" for "Each year in the general appropriations act, the General Assembly shall appropriate sufficient funds to the Office of the State Inspector General to"; in the second sentence, substituted "Auditor" for "Inspector General"; and in the third sentence, substituted "A report" for "the report", substituted "private audit firm" for "previous fiscal year", and substituted "January 15, 2019, and every four years after that time" for "January fifteenth".
