RESTORING
TRUSTS
Gov. Mark Sanford has proposed spending $158 million to return
money to several funds depleted during recent tight budget years.
They include:
BARNWELL
$25 million
• While not legally a trust fund,
money is set aside to pay for monitoring and potential cleanup of
the low-level nuclear waste site in Barnwell County. Radiation from
waste at the site could linger for thousands of years.
INSURANCE RESERVES
$8.6 million
• Think of this as an insurance
fund for state and local governments. It insures 1,500 doctors who
work at state-run institutions, including the Medical University of
South Carolina.
PINEWOOD TRUST
$942,000
• Like the Barnwell fund, the
trust fund was established to help pay potential environmental
problems at the hazardous waste landfill in Sumter County.
GENERAL RESERVE
$78 million next year, $50 million a year after that
• One of two “rainy day” accounts
the General Assembly is required to maintain in case of
emergencies. |