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South Carolina Treasurer Curtis Loftis has shrouded the state treasury in so much mystery that Benoit Blanc might be the only sleuth who could suss out the truth of it.
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.
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.
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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 leader of the panel even says ...
South Carolina State Treasurer Curtis Loftis has removed Disney from the state’s investment portfolio, a move following a year-long battle in Florida between Gov. Ron DeSantis and the corporation.
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