A senate RESOLUTION

 

TO RECOGNIZE APRIL 11, 2024, AS "STO PROGRAMS DAY" IN SOUTH CAROLINA.

 

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 two hundred twenty-five thousand families with more than six billion dollars in assets under management; and

 

Whereas, individuals with disabilities and their families who care for them should have access to the same savings tools that are available to the broader population. The Palmetto ABLE Savings Program provides over three thousand individuals with disabilities in all forty-six counties the opportunity to save for their future without losing government benefits; and

 

Whereas, 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 over thirty-six million dollars last fiscal year and currently has more than nine hundred fifty million dollars in unclaimed funds available for claim; and

 

Whereas, recognizing "STO Programs Day" in the Palmetto State encourages individuals, families, and businesses to learn more about the consumer-facing programs offered at the State Treasurer's Office.  Now, therefore,

 

Be it resolved by the Senate:

 

That the members of the South Carolina Senate, by this resolution, recognize April 11, 2024, as "STO Programs Day" in South Carolina.

 

Be it further resolved that a copy of this resolution be presented to Curtis M. Loftis Jr., Treasurer of the State of South Carolina.

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