{"data":{"id":"us-sc/s.c.-code-ann.-11-60-10","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 11-60-10","heading":"Definitions.","body":"For the purposes of this chapter:\n(1) \"Authority\" means the State Fiscal Accountability Authority.\n(2) \"Independent evaluator\" means a qualified person or entity selected by a state agency, and with whom a state agency contracts, to provide independent evaluation services to determine if performance measures have been achieved within a stated period under a pay-for-success contract. An independent evaluator must be identified prior to submitting a pay-for-success proposal to the authority, as required by Section 11-60-30.\n(3)(a) \"Pay-for-success contract\" means a written agreement between a state agency and a private-sector organization under which:\n(i) the private-sector organization provides a program or service, including a related project management service;\n(ii) the parties set forth performance measures for a given population over a certain period of time that the private-sector organization intends to achieve;\n(iii) the parties agree to an amount that the private-sector organization earns if the performance measures are achieved within the stated time period and agree that the success payment is due to the private-sector organization only if it achieves these performance measures within the stated period; and\n(iv) any other provisions are included as required by Section 11-60-40.\n(b) \"Pay-for-success contract\" does not mean a guaranteed energy, water, or wastewater savings contract or a contract subject to Article 9, Chapter 35, Title 11.\n(4) \"Performance measures\" means specific, measurable, time-based goals, the completion of which predicates payment under a pay-for-success contract.\n(5) \"Private-sector organization\" means a firm or nonprofit organization that contracts with a state agency in a pay-for-success contract.\n(6) \"Success payment\" means the money paid when a pay-for-success contract performance measure is met.","path":["Title 11 - PUBLIC FINANCE","CHAPTER 60 Pay-for-Success Performance Accountability"],"source_url":"https://www.scstatehouse.gov/code/t11c060.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T06:34:29Z","sha256":"258da979a627dfa8721b3584ae76dd0842ebe247ebc69013d24d018a36c32ac5","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-11-58-100","next":"us-sc/s.c.-code-ann.-11-60-20"},"notice":"GroundRules: Original legal text. Not legal advice."}