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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. SC Treasurer’s Office ...
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.
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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.
The South Carolina Department of Archives and History has maps that show the boundaries of counties, districts, and parishes starting in 1682. [4] Historically, county government in South Carolina has been fairly weak. [5] The 1895 Constitution made no provision for local government, effectively reducing counties to creatures of the state.
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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.