South Carolina S 84: Family Court jurisdiction in domestic matters

Bill Text

2025-2026 Bill 84 Text of Previous Version (Dec. 11, 2024) - South Carolina Legislature Online 

South Carolina General Assembly
126th Session, 2025-2026

Bill 84

Indicates Matter Stricken
Indicates New Matter

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A bill

TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING 
SECTION 8-13-1312, RELATING TO CAMPAIGN BANK ACCOUNTS, SO AS TO PROVIDE THAT 
ALL CONTRIBUTIONS RECEIVED BY CANDIDATES SHALL BE DEPOSITED INTO AN INTEREST ON 
CAMPAIGN ACCOUNT KNOWN AS AN "IOCA", TO PROVIDE THAT AN IOCA SHALL BE 
ESTABLISHED WITH AN ELIGIBLE INSTITUTION THAT VOLUNTARILY CHOOSES TO 
PARTICIPATE, TO PROVIDE FOR THE RATE OF INTEREST OR DIVIDENDS PAYABLE ON ANY 
IOCA, TO PROVIDE THAT ONE PERCENT OF ALL CONTRIBUTIONS DEPOSITED INTO AN IOCA 
SHALL BE REMITTED TO BENEFIT THE STATE ETHICS COMMISSION, AND TO PROVIDE THAT 
THE FUNDS REMITTED TO THE STATE ETHICS COMMISSION SHALL BE USED BY THE STATE 
ETHICS COMMISSION TO CREATE A POSITION OR POSITIONS WITHIN ITS EMPLOY TO CHECK 
AND CONFIRM THE COMPLETENESS OF CANDIDATE FILINGS; BY AMENDING SECTION 
8-13-320, RELATING TO DUTIES AND POWERS OF THE STATE ETHICS COMMISSION SO AS TO 
PROVIDE THAT THOSE DUTIES AND RESPONSIBILITIES INCLUDE RECEIVING, 
ADMINISTERING, INVESTING, DISBURSING, AND SEPARATELY ACCOUNTING FOR FUNDS 
REMITTED TO IT; AND BY AMENDING SECTION 8-13-340, RELATING TO ANNUAL REPORTS OF 
THE COMMISSION, SO AS TO PROVIDE THAT THE STATE ETHICS COMMISSION SHALL INCLUDE 
IN ITS REPORT TO THE GENERAL ASSEMBLY AND THE GOVERNOR THE AMOUNT OF FUNDS IT 
HAS RECEIVED FROM IOCAS, AND TO DEFINE NECESSARY TERMS.

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

SECTION 1. Section 8-13-1312 of the S.C. Code is amended to read:

 Section 8-13-1312. (A) As used in this section:

 (1) "Commission" means the South 
Carolina State Ethics Commission.

 (2) "Eligible institution" means a 
financial institution with an office located within the State that conducts 
business within the State with the general public that is authorized by federal 
or state laws to do business in South Carolina and that is insured by the 
Federal Deposit Insurance corporation established by federal or state laws.

 (3) "IOCA" means an Interest on 
Campaign Account benefitting the commission that is established with an 
eligible institution for the deposit of contributions. The account product may 
be an interest-bearing account, a money market account with or tied to check 
writing, a sweep account that is a government money market fund or daily 
overnight financial institution repurchase agreement invested solely in or fully 
collateralized by United States government securities, or an open-end money 
market fund solely invested in or fully collateralized by United States 
government securities.

 (a) "Open-end money market fund" means 
a fund holding itself out to be a money market fund as defined by applicable 
federal statutes and regulations under the Investment Act of 1940 and, at the 
time of the investment, having total assets of at least two hundred fifty 
million dollars.

 (b) "United States government 
securities" means United States treasury obligations and obligations issued or 
guaranteed regarding principal and interest by the United States or any agency 
or instrumentality thereof, including obligations of government-sponsored 
enterprises.

 (c) "Reasonable fees" for IOCAs are 
per-check charges, per-deposit charges, a fee in lieu of a minimum balance, 
federal deposit insurance fees, sweep fees, and a reasonable IOCA 
administrative fee.

 (B) All contributions received by 
candidates shall be deposited into an IOCA.

 (C)(1) An IOCA shall be established with 
an eligible institution that voluntarily chooses to participate. Funds 
deposited in an IOCA shall be subject to withdrawal upon request without delay.

 (2) The rate of interest or dividends 
payable on any IOCA shall be no less than:

 (a) the highest interest rate or 
dividend generally available from the eligible institution to its non-IOCA 
customers for each IOCA that meets the same minimum balance or other 
eligibility qualifications, if any. In determining the highest interest rate or 
dividend generally available from the eligible institution to its non IOCA 
customers, the eligible institution may consider factors, in addition to the 
IOCA balance, customarily considered by the eligible institution when setting 
interest rates or dividends for its customers, if such factors do not 
discriminate between IOCAs and accounts of non IOCA customers and the factors 
do not include that the account is an IOCA. The eligible institution shall also 
consider all product option types as provided in subsection (A)(3) for an IOCA 
offered by the eligible institution to its non IOCA customers by either 
establishing the applicable product as an IOCA or paying the comparable 
interest rate or dividend on the IOCA in lieu of a