H 4928 {Rat #167} General Bill, By Davis, B.J. Cox, Hart, Jefferson, J. Moore, 
Caskey and Williams
 AN ACT TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 25-21-10,
 RELATING TO THE ESTABLISHMENT OF THE VETERANS' TRUST FUND, SO AS TO PROVIDE
 FOR FUNDRAISING; AND BY AMENDING SECTION 25-21-30, RELATING TO THE DUTIES AND
 FUNCTIONS OF THE VETERANS' TRUST FUND BOARD OF TRUSTEES, SO AS TO PROVIDE FOR
 THE ABILITY TO FUNDRAISE. - RATIFIED TITLE

   1/24/2024  House  Introduced and read first time (House Journal-page 16)
   1/24/2024  House  Referred to Committee on Medical, Military,
                     Public and Municipal Affairs (House Journal-page 16)
   1/25/2024  House  Member(s) request name added as sponsor: B.J. Cox
   1/31/2024  House  Committee report: Favorable Medical, Military,
                     Public and Municipal Affairs (House Journal-page 4)
   2/1/2024  House  Member(s) request name added as sponsor: Hart, 
                     Jefferson,  J. Moore
   2/6/2024  House  Member(s) request name added as sponsor: Caskey, 
                     Williams
   2/6/2024  House  Read second time (House Journal-page 49)
   2/6/2024  House  Roll call Yeas-114  Nays-0 (House Journal-page 49)
   2/7/2024  House  Read third time and sent to Senate (House Journal-page 15)
   2/7/2024  Senate Introduced and read first time (Senate Journal-page 9)
   2/7/2024  Senate Referred to Committee on Family and Veterans' Services (Senate Journal-page 9)
   3/27/2024  Senate Committee report: Favorable with amendment Family
                     and Veterans' Services (Senate Journal-page 19)
   4/3/2024  Senate Committee Amendment Adopted (Senate Journal-page 53)
   4/3/2024  Senate Read second time (Senate Journal-page 53)
   4/3/2024  Senate Roll call Ayes-44  Nays-0 (Senate Journal-page 53)
   4/4/2024  Senate Read third time and returned to House with amendments (Senate Journal-page 21)
   4/10/2024  House  Concurred in Senate amendment and enrolled (House Journal-page 16)
   4/10/2024  House  Roll call Yeas-113  Nays-0 (House Journal-page 17)
   5/8/2024         Ratified R 167

H 4928 General Bill, By Davis, B.J. Cox, Hart, Jefferson, J. Moore, Caskey and Williams

(R167, H4928)

AN ACT TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 25?21?10, RELATING TO THE ESTABLISHMENT OF THE VETERANS' TRUST FUND, SO AS TO PROVIDE FOR FUNDRAISING; AND BY AMENDING SECTION 25?21?30, RELATING TO THE DUTIES AND FUNCTIONS OF THE VETERANS' TRUST FUND BOARD OF TRUSTEES, SO AS TO PROVIDE FOR THE ABILITY TO FUNDRAISE.

Be it enacted by the General Assembly of the State of South Carolina:

Veterans' Trust Fund

SECTION 1.    Section 25?21?10 of the S.C. Code is amended to read:

Section 25?21?10. There is established the Veterans' Trust Fund of South Carolina, an eleemosynary corporation, the resources of which must be dedicated to serving the needs of South Carolina's veterans by supporting programs, both public and private, for veterans. The Veterans' Trust Fund may support veteran service programs by direct funding or through donation of property or services. The Veterans' Trust Fund may supplement and augment, but shall not take the place of, services provided by state agencies.

The board of trustees for the Veterans' Trust Fund shall carry out activities necessary to administer the fund including, but not limited to, assessing service needs and gaps, soliciting proposals to address identified needs, fundraising and related expenses, and establishing criteria for awarding of grants.

Fundraising

SECTION 2.    Section 25?21?30 of the S.C. Code is amended by adding:

(11) fundraise, to include making disbursements from the fund in support of fundraising activities. The disbursements may not exceed the lesser of one percent of the assets of the fund or fifty percent of the amount allowed to be disbursed pursuant to Section 25?21?40 per calendar year based on the closing balance of the fund and the end of the preceding calendar year.

Time effective

SECTION 3.    This act takes effect upon approval by the Governor.

Ratified the 8th day of May, 2024.

Approved the _____________ day of _________________________________________2024.

This web page was last updated on May 8, 2024 at 5:43 PM