The bill S. 877 aims to amend the South Carolina Code of Laws by adding Article 7 to Chapter 25, Title 17, which addresses the issue of profits derived from criminal activities. It defines key terms such as "crime," "convicted," "profits from a crime," and "statutory victim." The legislation establishes a priority lien in favor of the state on any profits from crime that are payable to or accruing to a convicted individual or another person on their behalf. This lien attaches at the time of conviction and allows the Office of the Attorney General to take necessary legal actions to enforce it.
Additionally, the bill outlines the distribution of proceeds from the lien. Fifty percent of the profits will go to the statutory victims or their dependents, with any remainder directed to the South Carolina crime victim's compensation fund if there are no victims or if their damages are less than fifty percent. Following this, the bill mandates that court costs related to the prosecution of the convicted person be paid, with any remaining funds also allocated to the crime victim's compensation fund. The act will take effect upon approval by the Governor.