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May 20, 2026, 06:00:58 am
Session 126 - (2025-2026)
Bill Number(s)...420
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S*0420 (Rat #0226) General Bill, By Young
Summary: Investment of Funds by Political Subdivisions
AN ACT TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 6-5-10, RELATING TO AUTHORIZED INVESTMENTS OF FUNDS BY POLITICAL SUBDIVISIONS, SO AS TO AUTHORIZE CERTAIN INVESTMENT-GRADE CORPORATE DEBT INVESTMENTS BY QUALIFIED RETIREE POST-EMPLOYMENT BENEFITS TRUSTS AND TO PROVIDE REQUIREMENTS AND LIMITATIONS FOR SUCH INVESTMENTS. - RATIFIED TITLE
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Summary: Investment of Funds by Political Subdivisions
AN ACT TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 6-5-10, RELATING TO AUTHORIZED INVESTMENTS OF FUNDS BY POLITICAL SUBDIVISIONS, SO AS TO AUTHORIZE CERTAIN INVESTMENT-GRADE CORPORATE DEBT INVESTMENTS BY QUALIFIED RETIREE POST-EMPLOYMENT BENEFITS TRUSTS AND TO PROVIDE REQUIREMENTS AND LIMITATIONS FOR SUCH INVESTMENTS. - RATIFIED TITLE
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| 03/05/25 | Senate | Introduced and read first time (Senate Journal-page 15) |
| 03/05/25 | Senate | Referred to Committee on Finance (Senate Journal-page 15) |
| 02/18/26 | Senate | Committee report: Favorable with amendment Finance (Senate Journal-page 7) |
| 02/23/26 | Scrivener's error corrected | |
| 02/24/26 | Senate | Committee Amendment Adopted (Senate Journal-page 13) |
| 02/24/26 | Senate | Read second time (Senate Journal-page 13) |
| 02/24/26 | Senate | Roll call Ayes-44 Nays-0 (Senate Journal-page 13) |
| 02/25/26 | Senate | Read third time and sent to House (Senate Journal-page 15) |
| 02/26/26 | House | Introduced and read first time (House Journal-page 15) |
| 02/26/26 | House | Referred to Committee on Ways and Means (House Journal-page 15) |
| 05/06/26 | House | Committee report: Favorable with amendment Ways and Means (House Journal-page 11) |
| 05/12/26 | House | Debate adjourned (House Journal-page 81) |
| 05/13/26 | House | Amended (House Journal-page 34) |
| 05/13/26 | House | Read second time (House Journal-page 34) |
| 05/13/26 | House | Roll call Yeas-104 Nays-3 (House Journal-page 50) |
| 05/14/26 | House | Read third time and returned to Senate with amendments (House Journal-page 7) |
| 05/14/26 | Senate | Concurred in House amendment and enrolled (Senate Journal-page 19) |
| 05/15/26 | Ratified R 226 | |
| 05/19/26 | Signed By Governor |
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