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South Carolina · 2025-2026 Regular Session · Bill

S 891: Financing Agreements

In committee Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

S 891 is a bill introduced in the South Carolina Senate on February 4, 2026. According to its official title, it concerns: Financing Agreements. Primary sponsor: Tom Corbin (Republican), Harvey Peeler (Republican), Billy Garrett (Republican), Carlisle Kennedy (Republican). Most recent recorded action (February 4, 2026): Referred to Committee on Finance.

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.

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 11-27-110, RELATING TO LEASE PURCHASE OR FINANCING AGREEMENTS SUBJECT TO CONSTITUTIONAL DEBT LIMITS, SO AS TO PROVIDE AN EXPANDED DEFINITION OF FINANCING AGREEMENTS; BY AMENDING SECTION 11-27-40, RELATING TO THE EFFECT OF THE NEW ARTICLE X ON BONDS OF POLITICAL SUBDIVISIONS, SO AS TO PROVIDE THAT ANY MEMBER OF A LOCAL GOVERNING BODY WHO KNOWINGLY VOTES IN FAVOR OF A PROPOSED ACTION THAT VIOLATES SECTION 14 OF THE NEW ARTICLE X OF THE CONSTITUTION IS GUILTY OF MISCONDUCT IN OFFICE; AND BY AMENDING SECTION 11-27-50, RELATING TO THE EFFECT OF THE NEW ARTICLE X ON BONDS OF SCHOOL DISTRICTS, SO AS TO PROVIDE THAT ANY MEMBER OF A GOVERNING BODY OF THE STATE'S SCHOOL DISTRICTS WHO VOTES IN FAVOR OF A PROPOSED ACTION THAT KNOWINGLY VIOLATES SECTION 15 OF THE NEW ARTICLE X OF THE CONSTITUTION IS GUILTY OF MISCONDUCT IN OFFICE.

Sponsors

Sponsors by party (alphabetical): Republican 4

NameRolePartyChamberDistrict
Tom CorbinPrimary sponsorRepublicanSenate5
Harvey PeelerPrimary sponsorRepublicanSenate14
Billy GarrettPrimary sponsorRepublicanSenate10
Carlisle KennedyPrimary sponsorRepublicanSenate23

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. Referred to Committee on Finance
  2. Introduced and read first time

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source