Current Status Introducing Body:Senate Bill Number:307 Primary Sponsor:Rose Committee Number:05 Type of Legislation:GB Subject:Legislative members, economic statements of income Residing Body:Senate Current Committee:Ethics Computer Document Number:307 Introduced Date:Jan 08, 1991 Last History Body:Senate Last History Date:Jan 08, 1991 Last History Type:Introduced and read first time, referred to Committee Scope of Legislation:Statewide All Sponsors:Rose Type of Legislation:General Bill
Bill Body Date Action Description CMN
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307 Senate Jan 08, 1991 Introduced and read first 05
time, referred to Committee
307 Senate Nov 19, 1990 Prefiled, referred to 05
Committee
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TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 8-13-832 SO AS TO REQUIRE MEMBERS OF THE GENERAL ASSEMBLY TO REPORT ANNUALLY ON THEIR STATEMENT OF ECONOMIC INTEREST SOURCES OF INCOME IN EXCESS OF ONE HUNDRED DOLLARS IN VALUE EXCEPT FOR INCOME RECEIVED FROM THE STATE, AND PROPERTY HELD IN A TRADE OR BUSINESS, FOR INVESTMENT, OR FOR THE PRODUCTION OF INCOME EXCEPT FOR LIABILITIES OF FAMILY MEMBERS AND SAVINGS ACCOUNTS AGGREGATING TEN THOUSAND DOLLARS OR LESS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Article 11, Chapter 13, Title 8 of the 1976 Code is amended by adding:
"Section 8-13-832. In addition to other reporting requirements, members of the General Assembly shall report annually no later than April fifteenth on a statement of economic interest:
(1) the source of all income in excess of one hundred dollars in value received in the previous calendar year, not including income received from this State on account of the member's service in the General Assembly;
(2) the identity of any interest in property held any time during the previous calendar year:
(a) in a trade or business;
(b) for investment; or
(c) for the production of income.
This item (3) does not extend to personal liabilities owed the member by his spouse, parent, brother, sister, or child and deposits in personal savings accounts aggregating ten thousand dollars or less. For purposes of this item, a personal savings account includes a certificate of deposit or other form of deposit in a financial institution."
SECTION 2. This act takes effect upon approval by the Governor.