The Committee on Ways and Means proposes the following amendment (LC-3925.DG0001H):

Amend the bill, as and if amended, SECTION 1, by striking Section 11-3-250 and inserting:

 Section 11-3-250. By November first of each year, the Comptroller General shall confirm the accuracy of cash and investments in the treasury for the previous fiscal year as reported by the State Treasurer by agency and South Carolina Enterprise Information System (SCEIS) fund, as required in Section 11-5-290, within the South Carolina Enterprise Information SystemSCEIS or the state's book of record. Any unreconciled differences must be made known to the State Treasurer, the Chairman of the Senate Finance Committee, and the Chairman of the House Ways and Means Committee.

Amend the bill further, by adding an appropriately numbered SECTION to read:

SECTION X. Section 11-5-120 of the S.C. Code is amended to read:

 Section 11-5-120. The State Treasurer shall publish, quarterly, by electronic means and in a manner that allows for public review, a statement showing the amount of money on hand and in what financial institution it is deposited and the respective funds, as defined by governmental accounting standards, to which it belongs.

Amend the bill further, SECTION 2, by striking Section 11-5-290 and inserting:

 Section 11-5-290. The State Treasurer shall maintain an accounting of cash and investments in the treasury by agency and South Carolina Enterprise Information System(SCEIS) fund, as defined by governmental accounting standards, in a form required by the Comptroller General. By August thirty-first of each year, the State Treasurer shall produce a report of such the accounting of for the previous fiscal year to the Comptroller General, the Chairman of the Senate Finance Committee, and the Chairman of the House Ways and Means Committee. The State Treasurer shall confirm the accuracy and completeness of the report and inform the General Assembly of any substantive concern regarding the accuracy.

Amend the bill further, SECTION 3, by striking Section 11-5-185(A) and inserting:

 (A)In addition to other reports required by law to be made, by the State Treasurer, he shall also submit a report annually to the General Assembly in the month ofby the second Tuesday in January on the following matters:
 (1) The amount of state revenue collected in the previous fiscal year.
 (2) The amount of such revenue deposited in the state general fund.
 (3)(1) The location of general fund revenuecash and investments custodied by the State Treasurer in banks and other financial institutions including invested funds, as of the end of the previous fiscal year.
 (4)(2) The gross interest and fees accrued and earned from deposits and investments for the previous fiscal year and the use of such interest.
 (5)(3) The amount of realized revenue or losses from investments, and the amount of unrealized revenue or losses from investments for the previous fiscal year.
 (5)(6)(4) The amount expended for debt service in the previous fiscal year.
 (6)(7)(5) The current status of the general fund reserve including any expenditure or reimbursement thereof.
 (7)(8)(6) Any other information relating to state revenue which the Treasurer deems pertinent and of value to the General Assemblyamount, account, fund or combination, which is new, missing, or otherwise unaccounted for, including such items as special state funds, treasury funds, the highway fund and other funds not specified herein, as may be deemed appropriate by the Treasurer.

Amend the bill further, SECTION 3, by striking Section 11-5-185(B)(1) and inserting:

  (1) ensure confirm the accuracy of treasury cash and investment data in the reports required pursuant to subsection (A) including the accuracy of such data in any systems or books-of-records;

Amend the bill further, SECTION 3, by striking Section 11-5-185(C) and inserting:

 (C) The General Assembly shall provide in the annual general appropriations act for the reasonable cost of preparing this report.
 (D) The annual report required by this section also must be made available to the State Auditor, Comptroller General, the Revenue and Fiscal Affairs Office, and the Executive Budget Office.

Renumber sections to conform.

Amend title to conform.