COLUMBIA, S.C. (AP/WVOC) - Governor Nikki Haley says the state had to change the terms of a proposed contract to continue credit monitoring for South Carolina taxpayers because none of the three bids received so far met qualifications.
The Budget and Control Board approved new criteria Friday that would require companies to monitor only one major credit agency, while the old proposal required them to monitor three.
The new criteria also asks bidders who do not offer to monitor all three credit bureaus to submit a proposal about how much more it would cost to do so.
The credit monitoring contract signed last year after taxpayer data was hacked at the state Department of Revenue expires in October.
The Legislature has set aside $10-million for the first year of a new proposed five-year monitoring contract.