Fabio
85 lines
4.3 KiB
Markdown
85 lines
4.3 KiB
Markdown
---
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type: "Bill"
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title: "Investment of Funds by Political Subdivisions"
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description: "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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jurisdiction: "us/states/sc"
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legislature: "South Carolina General Assembly"
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session: "2025-2026"
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identifier: "S 420"
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citation: "South Carolina S 420 (2025-2026)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["Young"]
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version_count: 7
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action_count: 21
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vote_count: 2
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first_action: "2025-03-05"
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last_action: "2026-06-05"
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source: "openstates"
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source_identifier: "ocd-bill/2ed3ff0e-cd5e-4475-bfc2-ebd83ac10256"
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source_url: "https://www.scstatehouse.gov/billsearch.php?billnumbers=420&session=126&summary=B"
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source_hash: "13802098ad9bede90879e4bb48dcb895df8c195732c68226752b01eeac13e91e"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-sc"]
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---
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# South Carolina S 420 (2025-2026) — Investment of Funds by Political Subdivisions
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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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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Filed** (filed) — [source](https://www.scstatehouse.gov/sess126_2025-2026/bills/420.htm)
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2. **02/18/2026** (committee substitute) — [source](https://www.scstatehouse.gov/sess126_2025-2026/prever/420_20260218.htm)
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3. **02/23/2026** (committee substitute) — [source](https://www.scstatehouse.gov/sess126_2025-2026/prever/420_20260223.htm)
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4. **02/24/2026** (committee substitute) — [source](https://www.scstatehouse.gov/sess126_2025-2026/prever/420_20260224.htm)
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5. **03/05/2025** (committee substitute) — [source](https://www.scstatehouse.gov/sess126_2025-2026/prever/420_20250305.htm)
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6. **05/06/2026** (committee substitute) — [source](https://www.scstatehouse.gov/sess126_2025-2026/prever/420_20260506.htm)
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7. **05/13/2026** (committee substitute) — [source](https://www.scstatehouse.gov/sess126_2025-2026/prever/420_20260513.htm)
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## Votes
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- Passage of Bill — **104–3** (pass) · lower
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- 2nd Reading — **44–0** (pass) · upper
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## Sponsors
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- Young — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2025-03-05** Introduced and read first time `introduction, reading-1`
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- **2025-03-05** Referred to Committee on Finance `referral-committee`
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- **2026-02-18** Committee report: Favorable with amendment Finance `committee-passage-favorable`
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- **2026-02-23** Scrivener's error corrected
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- **2026-02-24** Committee Amendment Adopted `amendment-passage`
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- **2026-02-24** Read second time `reading-2`
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- **2026-02-24** Roll call Ayes-44 Nays-0
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- **2026-02-25** Read third time and sent to House `passage, reading-3`
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- **2026-02-26** Introduced and read first time `introduction, reading-1`
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- **2026-02-26** Referred to Committee on Ways and Means `referral-committee`
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- **2026-05-06** Committee report: Favorable with amendment Ways and Means `committee-passage-favorable`
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- **2026-05-12** Debate adjourned
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- **2026-05-13** Amended `amendment-passage`
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- **2026-05-13** Read second time `reading-2`
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- **2026-05-13** Roll call Yeas-104 Nays-3
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- **2026-05-14** Read third time and returned to Senate with amendments `passage, reading-3`
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- **2026-05-14** Concurred in House amendment and enrolled
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- **2026-05-15** Ratified R 226
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- **2026-05-19** Signed By Governor `executive-signature`
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- **2026-06-05** Effective date 05/19/26
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- **2026-06-03** Act No. 223
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/2ed3ff0e-cd5e-4475-bfc2-ebd83ac10256`. Confidence: reported (aggregated from official South Carolina legislature records).
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