South Carolina Senate Bill 420
Session 2025-2026
Investment of Funds by Political Subdivisions
Became Law
Signed by Governor on May 19, 2026
Origin Chamber
Senate
Type
Bill
Bill Number
420
State
South Carolina
Session
2025-2026
checkPassed on February 24, 2026
Motion Text
2nd Reading
Senate Roll Call Votes
Yes
Yes
Bright, Lee
Yes
Excused
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Summary
AN ACT TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 6-5-10, RELATING TO AUTHORIZED INVESTMENTS OF FUNDS BY POLITICAL SUBDIVISIONS, SO AS TO AUTHORIZE CERTAIN INVESTMENT-GRADE CORPORATE DEBT INVESTMENTS BY QUALIFIED RETIREE POST-EMPLOYMENT BENEFITS TRUSTS AND TO PROVIDE REQUIREMENTS AND LIMITATIONS FOR SUCH INVESTMENTS. - RATIFIED TITLE
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06/05/2026
South Carolina Legislature
Effective date 05/19/26
06/03/2026
South Carolina Legislature
Act No. 223
05/19/2026
South Carolina Legislature
Signed By Governor
05/15/2026
South Carolina Legislature
Ratified R 226
05/14/2026
Senate
Concurred in House amendment and enrolled
05/14/2026
House
Read third time and returned to Senate with amendments
05/13/2026
House
Roll call Yeas-104 Nays-3
05/13/2026
House
Read second time
05/13/2026
House
Amended
05/12/2026
House
Debate adjourned
05/06/2026
House
Committee report: Favorable with amendment Ways and Means
02/26/2026
House
Referred to Committee on Ways and Means
02/26/2026
House
Introduced and read first time
02/25/2026
Senate
Read third time and sent to House
02/24/2026
Senate
Roll call Ayes-44 Nays-0
02/24/2026
Senate
Read second time
02/24/2026
Senate
Committee Amendment Adopted
02/23/2026
South Carolina Legislature
Scrivener's error corrected
02/18/2026
Senate
Committee report: Favorable with amendment Finance
03/05/2025
Senate
Referred to Committee on Finance
03/05/2025
Senate
Introduced and read first time
Sources
Record Created
Mar 6, 2025 2:03:04 AM
Record Updated
Jun 6, 2026 3:32:09 AM