S 0307 General Bill, By M.T. Rose
 A Bill to amend the Code of Laws of South Carolina, 1976, by adding Section
 8-13-832 so as to require members of the General Assembly to report annually
 on their statement of economic interest sources of income in excess of one
 hundred dollars in value except for income received from the State, and
 property held in a trade or business, for investment, or for the production of
 income except for liabilities of family members and savings accounts
 aggregating ten thousand dollars or less.

   11/19/90  Senate Prefiled
   11/19/90  Senate Referred to Committee on Ethics
   01/08/91  Senate Introduced and read first time SJ-106
   01/08/91  Senate Referred to Committee on Ethics SJ-106

A BILL

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 8-13-832 SO AS TO REQUIRE MEMBERS OF THE GENERAL ASSEMBLY TO REPORT ANNUALLY ON THEIR STATEMENT OF ECONOMIC INTEREST SOURCES OF INCOME IN EXCESS OF ONE HUNDRED DOLLARS IN VALUE EXCEPT FOR INCOME RECEIVED FROM THE STATE, AND PROPERTY HELD IN A TRADE OR BUSINESS, FOR INVESTMENT, OR FOR THE PRODUCTION OF INCOME EXCEPT FOR LIABILITIES OF FAMILY MEMBERS AND SAVINGS ACCOUNTS AGGREGATING TEN THOUSAND DOLLARS OR LESS.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION 1. Article 11, Chapter 13, Title 8 of the 1976 Code is amended by adding:

"Section 8-13-832. In addition to other reporting requirements, members of the General Assembly shall report annually no later than April fifteenth on a statement of economic interest:

(1) the source of all income in excess of one hundred dollars in value received in the previous calendar year, not including income received from this State on account of the member's service in the General Assembly;

(2) the identity of any interest in property held any time during the previous calendar year:

(a) in a trade or business;

(b) for investment; or

(c) for the production of income.

This item (3) does not extend to personal liabilities owed the member by his spouse, parent, brother, sister, or child and deposits in personal savings accounts aggregating ten thousand dollars or less. For purposes of this item, a personal savings account includes a certificate of deposit or other form of deposit in a financial institution."

SECTION 2. This act takes effect upon approval by the Governor.