The bill S. 814 proposes amendments to the South Carolina Code of Laws regarding the membership and qualifications of the State Ports Authority Board of Directors and the Public Service Authority Board of Directors. It introduces the Chief Executive Officer of the Retirement System Investment Commission as an ex officio member of both boards, allowing them to attend executive session meetings. The bill also specifies that this CEO will not be appointed by the Governor, nor will they be required to meet the same educational qualifications as other board members.

Additionally, the bill outlines the roles and limitations of ex officio members, including their nonvoting status and the conditions under which they may be excluded from executive sessions. It establishes that the CEO of the Retirement System Investment Commission will not be subject to removal in the same manner as other board members and clarifies the process for excluding ex officio members from discussions involving potential conflicts of interest. The act will take effect upon the Governor's approval.

Statutes affected:
01/14/2026: 54-3-10, 54-3-20, 54-3-60, 58-31-20
Latest Version: 54-3-10, 54-3-20, 54-3-60, 58-31-20