A senate RESOLUTION

 

TO RECOGNIZE APRIL 19, 2023 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, as student loan debt continues to increase, saving for a college education is an especially important investment in a child's future; and

 

Whereas, South Carolina's Future Scholar 529 College Savings Plan currently serves more than two hundred thousand families with more than five billion dollars in assets under management; and

 

Whereas, individuals with disabilities and the families who care for them should have access to the same kinds of savings tools that are available to the broader population. The Palmetto ABLE Savings Program provides nearly three thousand individuals with disabilities 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 forty-one million dollars last fiscal year and currently has more than eight 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 19, 2023 as "STO Programs Day" in South Carolina.

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