/ SECTION ___. Article 1, Chapter 11, Title 1 of the 1976 Code is amended by adding:
"Section 1-11-24. Without approval of a majority of the Budget and Control Board, a state agency, department, board, or commission shall not expend or contract to expend more than $500,000 to privatize a service or staffing position performed by the entity and its employees in the previous fiscal year. Further, an entity shall not expend or contract to expend more than $1,000,000 to privatize a service or staffing position performed by the entity and its employees in the previous fiscal year without approval, by joint resolution, of the General Assembly. This section does not apply to any public institution of higher learning, as defined in Section 59-103-5, the South Carolina State Ports Authority, and the South Carolina Public Service Authority." /
Renumber sections to conform.
Amend title to conform.