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Treasurer giving away iPads bought by firm

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 schools:

Home School Resource Center, Lexington

Upstate Home School Co-Op, Taylors

Private schools:

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

Public schools:

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 office

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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