The state of Georgia would receive a $20.2 million portion of South Carolina's federal stimulus money if S.C. Gov. Mark Sanford decides to reject the $700 million alotted to his state.
The $20 million would be on top of the $1.5 billion already designated for Georgia as part of the Stimulus Stabilization Funds, according to the S.C. Senate Finance Committee.
This afternoon Sanford will hold a press conference to address the stimulus stalemate that has pitted him and some legislative allies against members of the General Assembly who say the state desperately needs the money. Sanford has said he would only accept the money if it would be used to pay down the state's debt.
Of the $700 million alotted for South Carolina, about 82 percent would have to be spent on education and the rest is discretionary, said Senate Finance Committee Chairman Hugh Leatherman, R-Florence.