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A151, R167, H4928
STATUS INFORMATION
General Bill
Sponsors: Reps. Davis, B.J. Cox, Hart, Jefferson, J. Moore, Caskey and Williams
Document Path: LC-0471SA24.docx
Introduced in the House on January 24, 2024
Introduced in the Senate on February 7, 2024
Last Amended on April 3, 2024
Currently residing in the House
Governor's Action: May 13, 2024, Signed
Summary: Veterans' Trust Fund
HISTORY OF LEGISLATIVE ACTIONS
| Date | Body | Action Description with journal page number |
|---|---|---|
| 1/24/2024 | House | Introduced and read first time (House Journal-page 16) |
| 1/24/2024 | House | Referred to Committee on Medical, Military, Public and Municipal Affairs (House Journal-page 16) |
| 1/25/2024 | House | Member(s) request name added as sponsor: B.J. Cox |
| 1/31/2024 | House | Committee report: Favorable Medical, Military, Public and Municipal Affairs (House Journal-page 4) |
| 2/1/2024 | House | Member(s) request name added as sponsor: Hart, Jefferson, J. Moore |
| 2/6/2024 | House | Member(s) request name added as sponsor: Caskey, Williams |
| 2/6/2024 | House | Read second time (House Journal-page 49) |
| 2/6/2024 | House | Roll call Yeas-114 Nays-0 (House Journal-page 49) |
| 2/7/2024 | House | Read third time and sent to Senate (House Journal-page 15) |
| 2/7/2024 | Senate | Introduced and read first time (Senate Journal-page 9) |
| 2/7/2024 | Senate | Referred to Committee on Family and Veterans' Services (Senate Journal-page 9) |
| 3/27/2024 | Senate | Committee report: Favorable with amendment Family and Veterans' Services (Senate Journal-page 19) |
| 4/3/2024 | Senate | Committee Amendment Adopted (Senate Journal-page 53) |
| 4/3/2024 | Senate | Read second time (Senate Journal-page 53) |
| 4/3/2024 | Senate | Roll call Ayes-44 Nays-0 (Senate Journal-page 53) |
| 4/4/2024 | Senate | Read third time and returned to House with amendments (Senate Journal-page 21) |
| 4/10/2024 | House | Concurred in Senate amendment and enrolled (House Journal-page 16) |
| 4/10/2024 | House | Roll call Yeas-113 Nays-0 (House Journal-page 17) |
| 5/8/2024 | Ratified R 167 | |
| 5/13/2024 | Signed By Governor | |
| 5/30/2024 | Effective date 05/13/24 | |
| 5/30/2024 | Act No. 151 |
View the latest legislative information at the website
VERSIONS OF THIS BILL
01/24/2024
01/31/2024
03/27/2024
04/03/2024
(A151, R167, H4928)
AN ACT TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 25-21-10, RELATING TO THE ESTABLISHMENT OF THE VETERANS' TRUST FUND, SO AS TO PROVIDE FOR FUNDRAISING; AND BY AMENDING SECTION 25-21-30, RELATING TO THE DUTIES AND FUNCTIONS OF THE VETERANS' TRUST FUND BOARD OF TRUSTEES, SO AS TO PROVIDE FOR THE ABILITY TO FUNDRAISE.
Be it enacted by the General Assembly of the State of South Carolina:
Veterans' Trust Fund
SECTION 1. Section 25-21-10 of the S.C. Code is amended to read:
Section 25-21-10. There is established the Veterans' Trust Fund of South Carolina, an eleemosynary corporation, the resources of which must be dedicated to serving the needs of South Carolina's veterans by supporting programs, both public and private, for veterans. The Veterans' Trust Fund may support veteran service programs by direct funding or through donation of property or services. The Veterans' Trust Fund may supplement and augment, but shall not take the place of, services provided by state agencies.
The board of trustees for the Veterans' Trust Fund shall carry out activities necessary to administer the fund including, but not limited to, assessing service needs and gaps, soliciting proposals to address identified needs, fundraising and related expenses, and establishing criteria for awarding of grants.
Fundraising
SECTION 2. Section 25-21-30 of the S.C. Code is amended by adding:
(11) fundraise, to include making disbursements from the fund in support of fundraising activities. The disbursements may not exceed the lesser of one percent of the assets of the fund or fifty percent of the amount allowed to be disbursed pursuant to Section 25-21-40 per calendar year based on the closing balance of the fund and the end of the preceding calendar year.
Time effective
SECTION 3. This act takes effect upon approval by the Governor.
Ratified the 8th day of May, 2024.
Approved the 13th day of May, 2024.
This web page was last updated on June 25, 2024 at 2:16 PM