Current Amendment: 4813R026.PGC.DOCX to Bill 4813
Senators CAMPBELL and COLEMAN proposes the following amendment (4813R026.PGC.DOCX):
Amend the bill, as and if amended, Part IB, Section 76, OFFICE OF THE STATE TREASURER, page 466, after line 28, by adding an appropriately numbered new proviso to read:
/ 76.___. (TREAS: Unclaimed Property) The General Assembly finds that the Unclaimed Property Act does not permit the Treasurer to hire third party auditors on a contingency basis or any other basis other than an hourly basis. The State Treasurer may not expend funds to retain a third party, private sector auditor, or auditing firms to fulfill his duties pursuant to the South Carolina Uniform Unclaimed Property Act on a contingency basis or any basis other than an hourly basis. The Office of State Treasurer shall retain $200,000 from the Unclaimed Property Program for the sole purpose of employing internal compliance auditors to enforce the Unclaimed Property Act.
Renumber sections to conform.
Amend sections, totals and title to conform.