South CarolinaS 0420126th General Assembly (2025-2026)Senate

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.

Sponsored By: Tom Young, Jr. (Republican)

Passed

Summary

Investment of Funds by Political Subdivisions

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Tom Young, Jr.

    Republican • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 44 • No: 0

Senate vote 2/24/2026

(Investment of Funds by Political Subdivisions)2nd Reading

Yes: 44 • No: 0

Actions Timeline

  1. Referred to Committee on Ways and Means

    2/26/2026House
  2. Introduced and read first time

    2/26/2026House
  3. Read third time and sent to House

    2/25/2026Senate
  4. Roll call Ayes-44 Nays-0

    2/24/2026Senate
  5. Read second time

    2/24/2026Senate
  6. Committee Amendment Adopted

    2/24/2026Senate
  7. Committee report: Favorable with amendment Finance

    2/18/2026Senate
  8. Referred to Committee on Finance

    3/5/2025Senate
  9. Introduced and read first time

    3/5/2025Senate

Bill Text

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