June 03, 2010
COLUMBIA, SC (WMBF) - South Carolina Gov. Mark Sanford has inked a bill Thursday aimed at addressing the near billion-dollar deficit of the Unemployment Insurance Fund.
A spiraling shortfall of the fund has recently led state leaders to ask for nearly $1 billion in borrowed funds from the federal government to cover the deficit.
The language of the bill will now allow the state to begin repaying its debts and making abuses of the Unemployment Insurance Fund more difficult of an act.
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