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SFAA director says treasurer's request to discuss bond approach was removed after members declined

2646270 · March 11, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Grant Gillespie, director of the State Fiscal Accountability Authority, told the Senate subcommittee that a Treasurer’s Office request for an "update by disclosure counsel" was removed from the SFAA agenda after members said they were uncomfortable and lacked sufficient information.

Grant Gillespie, director of the State Fiscal Accountability Authority (SFAA), told the South Carolina Senate Finance Constitutional Subcommittee that the Treasurer’s Office requested an agenda item for the SFAA meeting on Feb. 4 to allow disclosure counsel to provide an update related to an ongoing SEC matter and bond issuance plans.

Gillespie said the Treasurer’s Office requested the item in January and that the placeholder on the SFAA agenda read "update by disclosure counsel." He said liaison review occurred and that some members questioned why the item would need to be in executive session. "It seemed that the majority of the…

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