SC changes taxpayer monitoring contract terms

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Associated Press

Posted on August 24, 2013 at 6:01 AM

Updated Saturday, Aug 24 at 6:01 AM

COLUMBIA, S.C. (AP) — Gov. 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 met qualifications.

The Budget and Control Board approved the new requirements Friday.

The latest proposal requires companies to monitor only one major credit agency, while the old proposal required them to monitor three. The new proposal 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 monitoring contract signed after the taxpayer data was hacked last year expires in October.

The Legislature has set aside $10 million for the first year of the new five-year monitoring contract.

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