S0211: SC Education Bank Act

Legislative Summary

Enact The South Carolina Education Bank Act; To Amend Title 11 Of The 1976 Code, Relating To Public Finance, By Adding Chapter 58, To Create The South Carolina Education Bank, To Establish A Governing Board, To Provide For The Powers Of The Bank, To Fund The Bank, To Provide Liability Protections, To Provide For Deposits, To Provide For Annual Reporting Requirements, To Provide For Local School Board Funding Request Requirements, And To Define Necessary Terms.