The authority must be audited annually by the State Auditor or, upon his approval, may execute contracts with an independent certified public accounting firm. The authority must make an annual report to the State Fiscal Accountability Authority, Revenue and Fiscal Affairs Office, and the Executive Budget Office, and the General Assembly on its programs and operations. The report must include information regarding the size of the businesses that have received assistance based on the number of employees employed and the amount of gross revenues generated during the preceding year. The report also must include the names of businesses that have received assistance and a good faith estimate of the number of jobs retained or created as a result of the authority's assistance.
HISTORY: 1983 Act No. 145 Section 27.
Structure South Carolina Code of Laws
Title 41 - Labor and Employment
Chapter 43 - South Carolina Jobs - Economic Development Fund Act
Section 41-43-10. Citation of chapter.
Section 41-43-20. Definitions.
Section 41-43-40. Appointment and qualifications of directors; ex officio members; terms.
Section 41-43-70. Functions and duties of the authority generally.
Section 41-43-80. Implementation of programs; delegation of authority; responsibility for programs.
Section 41-43-90. Corporate and other powers of the authority.
Section 41-43-100. Industrial development projects.
Section 41-43-110. Issuance of bonds; utilization of proceeds.
Section 41-43-120. Authority bonds to constitute lawful fiduciary investment.
Section 41-43-140. Insurance fund; use as security for holders of bonds.
Section 41-43-160. Loan programs; authorized purposes; authority's powers as to loans.
Section 41-43-170. Guaranty fund authorized; purposes.
Section 41-43-180. Determination of economically distressed areas; criteria.
Section 41-43-190. Expert programs; purposes; criteria for assistance.
Section 41-43-200. Collection and dissemination of information and data.
Section 41-43-210. Funds for administrative purposes.
Section 41-43-220. Administrative funds not to be obligated except for administrative expenses.
Section 41-43-230. Disposition of property; authority not required to advertise or take bids.
Section 41-43-240. Creation of other corporations.
Section 41-43-250. Protection of confidential information.
Section 41-43-260. Annual audit and report.
Section 41-43-270. Application of Administrative Procedures Act.