South Carolina Treasurer Curtis Loftis smiles during a meeting of the State Fiscal Accountability Authority on Tuesday, March 26, 2024 in Columbia, South Carolina. (Associated Press)
Republican Treasurer Curtis Loftis has failed to provide answers regarding the cash, saying only that he succeeded in accruing some $200 million in interest for the state. He argues the lack of information regarding where the money is supposed to go is the fault of the comptroller general, Brian Gaines.
SOUTH CAROLINA SENATE TO WEIGH HOUSE-APPROVED $13.2 BILLION BUDGET
Loftis argued earlier this month that Gaines "is attempting to shift responsibility to clean up its mess to the Treasurer."
South Carolina Gov. Henry McMaster says the state will hold off on any plans to spend the $1.8 billion until it can verify whether it was intended to be spent elsewhere.
Both Loftis and Gaines have been summoned to appear before Grooms' panel. Grooms noted Gaines has responded to every question posed by lawmakers so far in the investigation, while Loftis has not.
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Gov. McMaster says the state will hold off on any plans to spend the $1.8 billion until it can verify whether it was intended to be spent elsewhere.
"That’s a lot of money and there is no need to hurry up and try to spend it," McMaster said.
The Associated Press contributed to this report.
Anders Hagstrom is a reporter with Fox News Digital covering national politics and major breaking news events. Send tips to Anders.Hagstrom@Fox.com, or on Twitter: @Hagstrom_Anders.
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