South CarolinaSouth Carolina directs reserve funds to hospitals, bridges, and disaster aid
South Carolina sets aside available reserve money for a cancer hospital, bridge upgrades, and the state’s share of federal disaster costs.
What it does
The law sets aside $175 million for a cancer hospital, about $139.6 million for bridge upgrades, and $72.8 million to match federal disaster funds.
The Comptroller General posts the appropriations. Unspent money may be carried into later years, but it must go to the same purposes.
Argument forThis funding could help a cancer hospital, bridge upgrades, and disaster response projects move forward.
Argument againstSending reserve money to these projects could leave less available for other state needs.
More detail
The law sets aside available Capital Reserve Fund money for three projects. The recipients are the Medical University of South Carolina for a cancer hospital, the Department of Transportation for bridge modernization, and the Adjutant General’s Office for the state’s share of federal disaster costs. The money comes from amounts available in the Capital Reserve Fund for fiscal year 2025–2026. The appropriations are for fiscal year 2025–2026. The resolution takes effect 30 days after that fiscal year ends.
The Comptroller General posts the appropriations, and unspent money may be carried forward. This applies to money appropriated by this joint resolution. Carried-forward money must be spent for the same purposes as the original appropriation. The resolution takes effect 30 days after the 2025–2026 fiscal year ends; unspent money may be used in succeeding fiscal years.
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Where it stands
- Introduced
- Passed 1st Chamber
- Passed 2nd Chamber
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Aug 19Act No. 263Latest
- May 26Effective date See Act for Effective Date
- May 15Signed By Governor Henry McMasterBecame Law
- May 14Ratified R 212
- Apr 24Read third time and enrolledTo Governor
- Apr 23Unanimous consent for third reading on next legislative day
- Vote recorded 2nd Reading. Result: pass.Upper
- Apr 23Read second timeMinor
- Apr 14Committee report: Favorable FinanceMinor
- Mar 11Referred to Committee on FinanceMinor
- Mar 11Introduced and read first timeMinor
- Mar 11Read third time and sent to SenatePassed 1st Chamber
- Mar 10Roll call Yeas-118 Nays-0
- Vote recorded Passage of Joint Resolution. Result: pass.Lower
- Mar 10Read second timeMinor
- Mar 5Special order, set for immediately following second reading of H. 5126
- Mar 3Introduced, read first time, placed on calendar without referenceIntroduced
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