Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the State Finances topic
No spam. Unsubscribe anytime.
Subcommittee gives favorable report to H. 39-25, tightening State Treasurer reporting and audit review
Summary
The South Carolina House Ways and Means Constitutional Subcommittee voted 2-0 to give House Bill 39-25 a favorable report as amended; the bill requires the State Treasurer’s Office to maintain agency- and fund-level cash and investment accounts, adds reporting deadlines, and calls for review of certain audit rebids.
Representative Micah Caskey, chairing the South Carolina House Ways and Means Constitutional Subcommittee, called the meeting to order and the panel gave House Bill 39-25 a favorable report as amended by a unanimous 2-0 vote.
House Bill 39-25 requires the State Treasurer’s Office to maintain an accounting of cash and investments by agency and by fund in a format the Comptroller General’s office requires and to submit that accounting to the Comptroller General by Aug. 31. The Comptroller General must then “ensure the accuracy of cash and investments,” according to the bill text read aloud to the subcommittee. The bill also expands statutory reporting language in statute 11-5-185 and would require the office of the state auditor to have the Joint Bond Review Committee (JBRC) review any rebidding of the ACRA audit if the same external auditing firm performed the audit within the previous five years.
A staff member summarized the bill for the panel. A subcommittee member offered a brief amendment that the member said “incorporates feedback from the State Treasurer’s Office and the Comptroller General’s office.” The chair called for the question on adopting the amendment; the panel recorded unanimous assent and the amendment was adopted. With no public testimony offered, the subcommittee then voted to give the amended bill a favorable report; the clerk announced the roll call result as a unanimous 2-0 vote.
The meeting record shows no public comment on the measure. The subcommittee did not record additional debate or any further amendments. After the vote the subcommittee adjourned.
Votes at a glance • H. 39-25 (caption: State finances) — Amendment adopted; favorable report as amended. Roll-call result announced as 2 yes, 0 no. No mover/second was recorded in the transcript.
