TO RECOGNIZE WEDNESDAY, APRIL 14, 2021 AS "STATE TREASURER'S OFFICE PROGRAMS DAY" IN SOUTH CAROLINA AND TO ENCOURAGE INDIVIDUALS, FAMILIES, AND BUSINESSES TO LEARN MORE ABOUT THE CONSUMER-FACING PROGRAMS OFFERED AT THE STATE TREASURER'S OFFICE.
Whereas, the State Treasurer's Office administers multiple programs to benefit the citizens of the Palmetto State; and
Whereas, saving for a college education is an important investment in a child's future, as student loan debt continues to increase. South Carolina's Future Scholar 529 College Savings Plan currently serves more than 190,000 families with nearly $5 billion in assets under management; and
Whereas, individuals with disabilities and their families should have access to the same kinds of savings tools that are available to the broader population. The Palmetto ABLE Savings Program currently provides nearly 2,000 South Carolinians with disabilities the opportunity to save for their future without losing government benefits; and
Whereas, the rightful owners of unclaimed property, or their heirs, always have a right to claim property held in custody by the State Treasurer's Office. The South Carolina Unclaimed Property Program returned $33.4 million last fiscal year and currently has more than $700 million in unclaimed funds available for claim. Now, therefore,
Be it resolved by the Senate:
That the members of the South Carolina Senate, by this resolution, recognize Wednesday, April 14, 2021 as "State Treasurer's Office Programs Day" in South Carolina and encourage individuals, families, and businesses to learn more about the consumer-facing programs offered at the State Treasurer's Office.
Be it further resolved that a copy of this resolution be provided to the Honorable Curtis M. Loftis, Jr., Treasurer of the State of South Carolina.