South Carolina legislation · 126th General Assembly
South Carolina H5813: Community Investment Fund
Status: In committee, August 25, 2026
What the bill says
To amend the south carolina code of laws by adding article 7 to chapter 11, title 11 entitled "south carolina community investment fund" so as to create the fund, to specify the conditions under which the fund may be appropriated, to establish a per-district allocation formula, and to provide for administration, transparency, and accountability requirements. b e it enacted by the general assembly of the state of south carolina: s ection 1. c hapter 11, title 11 of the s.c. code is amended by adding: a rticle 7 s outh carolina community investment fund s ection 11-11-710. a s used in thi.
From the introduced text, August 25, 2026:
A bill TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING ARTICLE 7 TO CHAPTER 11, TITLE 11 ENTITLED "SOUTH CAROLINA COMMUNITY INVESTMENT FUND" SO AS TO CREATE THE FUND, TO SPECIFY THE CONDITIONS UNDER WHICH THE FUND MAY BE APPROPRIATED, TO ESTABLISH A PER-DISTRICT ALLOCATION FORMULA, AND TO PROVIDE FOR ADMINISTRATION, TRANSPARENCY, AND ACCOUNTABILITY REQUIREMENTS. B e it enacted by the General Assembly of the State of South Carolina: S ECTION 1. C hapter 11, Title 11 of the S.C. Code is amended by adding: A rticle 7 S outh Carolina Community Investment Fund S ection 11-11-710. A s used in this article: ( 1) "Board" means the Board of Economic Advisors. ( 2) "Community investment" means a capital improvement, infrastructure project, or piece of equipment or real property with a useful life of no less than five years, undertaken by an eligible entity for a public purpose. "Community investment" does not include salaries, recurring operating expenses, debt service on existing obligations of the eligible entity, or any grant, loan, or transfer to a private person, business, or nonprofit organization. ( 3) "Delegation weighted-vote methodology" means the method by which county legislative delegations apportion voting weight among members whose districts lie partly within the county, consistent with the practice applicable to grants under the Parks and Recreation Development …