South Carolina Governor Requests Stimulus Funds

[steven johnson]

Source: Wall Sreet Journal

South Carolina Gov. Mark Sanford became the nation's last governor Friday to request federal stimulus money but said he reserves the right to reject some of the money later.
Mr. Sanford met a Friday deadline to certify that South Carolina will accept at least some of the $2.8 billion in federal stimulus money that the state is slated to receive.
Mr. Sanford, however, said he hasn't changed his position that he will reject $700 million of the stimulus cash—so-called state fiscal stabilization funds—unless the state legislature agrees to pay down an identical amount of state debt.

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