South Carolina Code 11-60-20. Requirements for state agency to enter into a pay-for-success contract
Current as of: 2023 | Check for updates
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Terms Used In South Carolina Code 11-60-20
- Contract: A legal written agreement that becomes binding when signed.
Subject to § 11-60-30, a state agency may enter into a pay-for-success contract only if the state agency head explains in writing how the contract will produce a quantifiable public benefit or financial savings to the State, by achieving meaningful impact outcomes and not simply short-term unsustainable outcomes, and outlines any risks associated with the proposed project.