S0891Introduced in the Senate
Financing Agreements
Introduced by Thomas Corbin, District 5
What does this bill do?
Plain-English breakdown
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Official description
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.
Where it stands
Referred to Committee on Finance
February 4, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
Bill history
Introduced and read first time
Referred to Committee on Finance
Verify the information
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