South Carolina § 11-7-60 - Cost of preparing Comprehensive Annual Financial Report; requests for proposal.
Full text of South Carolina South Carolina Code of Laws § 11-7-60 — Cost of preparing Comprehensive Annual Financial Report; requests for proposal., with citation guidance and answers to common questions.
§ 11-7-60. Cost of preparing Comprehensive Annual Financial Report; requests for proposal.
Each State agency shall remit to the State Auditor an amount representing an equitable portion of the expense of contracting with a certified public accounting firm to conduct a portion of the audit of the State's Comprehensive Annual Financial Report prepared by the Comptroller General's Office. Each state agency's equitable portion of the expense must be determined by a schedule developed by the State Auditor. The remittance must be based upon invoices provided by the State Auditor upon completion of the annual audit. The audit must be rebid using a request for proposals no less frequently than every five years.
HISTORY: 2005 Act No. 164, SECTION 1.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 11-7-60
What does South Carolina Code of Laws § 11-7-60 cover?
Section 11-7-60 ("Cost of preparing Comprehensive Annual Financial Report; requests for proposal.") is part of the South Carolina Code of Laws, the codified statutory law of South Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Carolina § 11-7-60?
A common citation format is "South Carolina Code of Laws § 11-7-60" (South Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Carolina official source linked on this page or consult a licensed South Carolina attorney.
How does South Carolina § 11-7-60 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Carolina.