Investment of Funds by Political Subdivisions
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
Bill status
signed
all 5 stages cleared
Introduction
Mar 2025
Committee Review
May 2026
Senate Passage
May 2026
House Passage
May 2026
Signed into Law
May 2026
Introduced Mar 5, 2025
Signed May 19, 2026
Floor votes · Senate Feb 24, 2026 · House May 13, 2026
How they voted
43–0
Passed · 1 other
Total votes 44
Feb 24, 2026
D
Democratic11
90% Yea
R
Republican33
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
23
Key actions
10
Committee
4
Amendments
2
May 19, 2026
Signed into law
Signed By Governor
legislature
May 14, 2026
Upper · Passed
Concurred in House amendment and enrolled
upper
May 14, 2026
Lower · Passed
Read third time and returned to Senate with amendments
lower
May 13, 2026
Lower · Passed
Amended
lower
May 13, 2026
House · Passed
House Vote: pass (94-3-17)
house
May 6, 2026
Lower · Passed
Committee report: Favorable with amendment Ways and Means
lower
Feb 26, 2026
Committee
Referred to Committee on Ways and Means
lower
Feb 26, 2026
Introduced
Introduced and read first time
lower
Feb 25, 2026
Upper · Passed
Read third time and sent to House
upper
Feb 24, 2026
Upper · Passed
Committee Amendment Adopted
upper
Feb 24, 2026
Senate · Passed
Senate Vote: pass (43-0-1)
senate
Feb 18, 2026
Upper · Passed
Committee report: Favorable with amendment Finance
upper
Mar 5, 2025
Committee
Referred to Committee on Finance
upper
Mar 5, 2025
Introduced
Introduced and read first time
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Tom Young
RRepublican
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