Establishes the South Carolina Education Bank to fund and manage school infrastructure projects.

The South Carolina Education Bank Act creates the South Carolina Education Bank, a public instrumentality governed by a board. The bank's purpose is to finance qualified projects for school infrastructure improvements. It is funded by ten percent of fees collected annually from fees in lieu of taxes and may receive additional contributions. The bank distributes funds to governmental units and private entities for eligible projects, prioritizing those in Tier III and Tier IV counties. The bank is subject to annual reporting and auditing requirements.

Establishes the South Carolina Education Bank to fund and manage school infrastructure projects.

The South Carolina Education Bank Act creates the South Carolina Education Bank, a public instrumentality governed by a board. The bank's purpose is to finance qualified projects for school infrastructure improvements. It is funded by ten percent of fees collected annually from fees in lieu of taxes and may receive additional contributions. The bank distributes funds to governmental units and private entities for eligible projects, prioritizing those in Tier III and Tier IV counties. The bank is subject to annual reporting and auditing requirements.