Full Text Summary Members of the General Assembly requested that we conduct a study of the state's system for managing real property. Real property is defined as land and buildings. South Carolina state government owns almost one million acres of land and 8,415 buildings. We reviewed policies and procedures for how state agencies acquire, use, manage, and dispose of real property. We also reviewed in detail the property holdings and land management of six state agencies.
Asset management can increase the value of the state's resources.
We found that the state of South Carolina has in place some of the generally accepted elements needed to manage real property. However, legislative action may be needed to establish a statewide system and to strengthen and centralize specific management functions. Until work on their inventory is completed, the size and use of the state's real property assets are unknown. Compiling a statewide land inventory and ensuring its accuracy have been complicated by several factors. The lack of a standardized format for recording titles has created great difficulty in the compilation of a statewide inventory.