South Carolina · 2025-2026 Regular Session · Bill
S 420: Investment of Funds by Political Subdivisions
Enacted Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
S 420 is a bill introduced in the South Carolina Senate on March 5, 2025. According to its official title, it concerns: Investment of Funds by Political Subdivisions. Primary sponsor: Tom Young (Republican). Most recent recorded action (June 5, 2026): Effective date 05/19/26.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
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
Sponsors
Sponsors by party (alphabetical): Republican 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Tom Young | Primary sponsor | Republican | Senate | 24 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Effective date 05/19/26
- Act No. 223
- Signed By Governor
- Ratified R 226
- Concurred in House amendment and enrolled
- Read third time and returned to Senate with amendments
- Roll call Yeas-104 Nays-3
- Read second time
- Amended
- Debate adjourned
- Committee report: Favorable with amendment Ways and Means
- Referred to Committee on Ways and Means
Showing 12 most recent of 21 actions. Full history