By SEANNA ADCOXAssociated Press
COLUMBIA, S.C. (AP) - Treasurer Curtis Loftis is distributing iPads to South Carolina schools under a contract with the investment firm running his office's college savings program.
Loftis spokesman Alex Stroman said Thursday the Republican treasurer has handed out 115 iPads at 15 schools over the last two months as part of his financial literacy education efforts.
His explanation followed questions during a Retirement System Investment Commission meeting. Loftis declined to answer Chairman Reynolds Williams, saying he didn't have the contract information on hand.
Stroman later said Columbia Management administers the program he called completely above-board. By law, the treasurer is responsible for the college savings plan. Stroman says the firm buys the iPads to help market the plan.
Ethics director Herb Hayden says the arrangement doesn't appear to conflict with state ethics law.
Home School Resource Center, Lexington
Upstate Home School Co-Op, Taylors
Mason Preparatory School, Charleston
St. Paul the Apostle School, Spartanburg
Bob Jones Academy Elementary School, Greenville
Florence Montessori School, Florence
St. Martin De Porres, Columbia
Daniel Island School, Daniel Island
Dorman High School, Spartanburg
JD Lever Elementary School, Aiken
Schofield Middle School, Aiken
Fort Mill High School, Fort Mill
Foster Park Elementary School, Union
Bridgewater Academy, Myrtle Beach
Palmetto School at the Children's Attention Home, Rock Hill
Source: South Carolina treasurer's officeCopyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.