For Immediate Release
Friday, 15 September 2000
ONE-OF-A-KIND INVESTMENT OPPORTUNITY
PATTERSON ANNOUNCES TAX-FREE MINI-BOND SALE 2000
COLUMBIA, SC – State Treasurer Grady L. Patterson, Jr. today announced the 2000 issue of Tax-Free Mini-Bonds available to small and large South Carolina investors. The program, which Treasurer Patterson pioneered in 1994, made South Carolina the first state to offer bonds to investors for as little as $200 and $500. "We are still the only state that I know of that lets citizen-investors participate," Patterson said. "Most state bond issues are only for large companies."
The State Treasurer’s Office will offer up to $25 million in Mini-Bonds. The money will be used for various capital improvement projects around the state. "People really do have the chance to buy a little piece of South Carolina – from helping pay for higher education improvements to building prisons to harbor dredging. Folks are not only getting a great return on their investment, they are helping the state meet its obligations without raising taxes," Patterson continued. "We’ve found an innovative way to benefit everyone."
This will be only the fifth sale in history. "It has been six years since our first sale and I still have people ask me every day when we will have another Tax-Free Mini-Bond offering. I’m proud we have touched so many lives, and can only hope more people will take advantage of this great opportunity."
Mr. Patterson said the program can benefit every investor: "We have had great success with this program because South Carolinians know Tax-Free Mini-Bonds are profitable, and they are one of the safest place to park their money for college or retirement. With the low cost, this investment fits into most everyone’s budget. Plus, more folks than ever know the importance of diversifying their holdings.
"This is such a great program," Patterson concluded. "Right now, South Carolinians have an opportunity to safely, profitably, and easily invest for their future."
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For more information contact:
David A. Adams, 803/734-0380