S0136: SC Education Bank Act

Legislative Summary

Amend The South Carolina Code Of Laws By Enacting The "south Carolina Education Bank Act"; By Adding Chapter 58 To Title 11 So As 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.