The bill S. 1106 aims to enhance transparency and accountability among employees of public institutions of higher learning in South Carolina by requiring them to disclose any outside business associations. It introduces a new section, 59-101-700, which defines key terms such as "employee" and "business with which he is associated." The bill mandates that each public institution establish a secure electronic reporting system for employees to annually disclose their business affiliations, including the name of the business and a description of the services performed.

Additionally, the bill requires institutions to adopt policies and procedures to implement and enforce these disclosure requirements, ensuring the confidentiality and security of the submitted information. Institutions must provide a copy of these policies to the relevant legislative committees upon adoption or amendment. Importantly, the bill clarifies that employees are not prohibited from engaging in outside business activities unless restricted by state law or institutional policy. The act will take effect upon the Governor's approval.

Statutes affected:
04/07/2026: 59-101-700
Latest Version: 59-101-700