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The state treasurer is the chief banker and investment officer of the state of South Carolina. [2] [3] As such, the state treasurer manages the cash flows and investments of all state funds and, in so doing, safeguards their assets. In 2022, the state treasury's custodial fund balances were approximately $2.8 billion.
Some low dollar amounts of unclaimed property don’t show up on the South Carolina Treasurer’s Office website, and officials say the law does not require that to change.
The revelation was made as senators issued a report on the treasurer’s office and the existence of an account with $1.8 billion and how no one knows where the money belongs.
A panel of South Carolina senators investigating the existence of a $1.8 billion account wanted to recommend Treasurer Curtis Loftis’ removal from office.
The Treasurer is the sole investor of the Local Government Investment Pool, (LGIP) the South Carolina Future Scholar 529 Fund and the excess funds of the state. Treasurer Loftis is the Vice Chairman of the State Fiscal Accountability Authority.
Some low dollar amounts of unclaimed property don’t show up on the South Carolina Treasurer’s Office website, and officials say the law does not require that to change.
Robert Sprague, Ohio State Treasurer (2019–present) [2] Dave Yost, Ohio Attorney General (2019–present) and former Ohio State Auditor (2011–2019) [3 ...
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