WORK IN PROGRESS
Small Business Development Program
Members of the General Assembly requested the LAC conduct an audit of the S.C. Small Business Development Centers. The audit requesters have specified several issues for review, including human resources’ practices, the program’s use of technology, sharing of best practices, accuracy of its reporting of effectiveness, and possible efficiencies resulting from consolidation.
S.C. State Transportation Infrastructure Bank
Members of the Senate requested the LAC conduct a comprehensive audit of the S.C. State Transportation Infrastructure Bank (SIB). Some of the areas include:
• Review of adherence to Article X of the Constitution: Finance, Taxation, and Bonded Debt.
• Review of adherence to S.C. Code of Laws for procurement, ethics, public notice, and Act 98 of 2013.
• Review of accounting and fiscal controls.
• Review of SIB award criteria and policies and procedures for other financial assistance.