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SCEL makes its largest transfer to the Education L

Columbia, SC: On January 13, 2003, the South Carolina Education Lottery (SCEL) transferred more than $27.5 million into the Education Lottery Account (ELA).

“This is great news,” said Ernie Passailaigue, SCEL’s executive director. “The lottery is on track to meet the financial expectations set by the state to improve our educational system.”

Each month the SCEL is required to turn over the net proceeds of the previous month’s sales. The Board of Economic Advisors has forecasted the SCEL to transfer $172 million to the ELA this fiscal year. To date, the SCEL has met more than $98.2 million of that goal.

Since January 2002, the SCEL has returned more than $178 million dollars to the State of South Carolina’s Lottery Education Fund. All of the SCEL’s net proceeds go toward specific educational programs, including South Carolina’s HOPE, LIFE and Palmetto Fellows scholarships; the National Guard; Lottery Tuition Assistance for two-year programs within the state’s university system; a wide range of technical upgrades for state colleges and universities; school buses; local libraries and gambling addiction services. For a complete listing of programs funded by lottery dollars, please visit our website: www.sceducationlottery.com.

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