Current Status Bill Number:26 Type of Legislation:General Bill GB Introducing Body:Senate Introduced Date:19950110 Primary Sponsor:Mescher All Sponsors:Mescher, Rose Drafted Document Number:RES9435.WCM Residing Body:Senate Current Committee:Finance Committee 06 SF Subject:Pooled Investment Fund, nonprofit entities
Body Date Action Description Com Leg Involved
______ ________ _______________________________________ _______ ____________
Senate 19950110 Introduced, read first time, 06 SF
referred to Committee
Senate 19940919 Prefiled, referred to Committee 06 SF
View additional legislative information at the LPITS web site.
TO AMEND SECTION 6-6-10, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE ESTABLISHMENT OF AND AUTHORIZED PARTICIPANTS IN THE SOUTH CAROLINA POOLED INVESTMENT FUND IN THE OFFICE OF THE STATE TREASURER, SO AS TO ALLOW PARTICIPATION IN THE FUND BY NONPROFIT ENTITIES PROVIDING CONTRACTUAL SERVICES TO STATE AGENCIES.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 6-6-10 of the 1976 Code is amended to read:
"Section 6-6-10. Notwithstanding any other provision of law, the The State Treasurer may establish and maintain a common trust fund to be known as the South Carolina Pooled Investment Fund in which may be deposited public monies in excess of current needs which are under the custody of any county treasurer or the governing body of any municipality, county, school district, regional council of government, or any other political subdivision of the State. For purposes of this chapter `political subdivision' includes a nonprofit entity providing contractual services to a state agency."
SECTION 2. This act takes effect upon approval by the Governor.