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Session 126 - (2025-2026)Printer Friendly
(pdf format)
S 0420 General Bill, By Young
Summary: Investment of Funds by Political Subdivisions
A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 6-5-10, RELATING TO AUTHORIZED INVESTMENTS BY POLITICAL SUBDIVISIONS SO AS TO ALLOW A QUALIFIED RETIREE POST-EMPLOYMENT BENEFIT TRUST MAINTAINED FOR THE BENEFIT OF POLITICAL SUBDIVISION RETIREES TO INVEST IN CERTAIN CORPORATE DEBT ISSUED BY UNITED STATES CORPORATIONS.
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Summary: Investment of Funds by Political Subdivisions
A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 6-5-10, RELATING TO AUTHORIZED INVESTMENTS BY POLITICAL SUBDIVISIONS SO AS TO ALLOW A QUALIFIED RETIREE POST-EMPLOYMENT BENEFIT TRUST MAINTAINED FOR THE BENEFIT OF POLITICAL SUBDIVISION RETIREES TO INVEST IN CERTAIN CORPORATE DEBT ISSUED BY UNITED STATES CORPORATIONS.
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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) |

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