Loftis seeking 2nd term against political newcomer - WTOC-TV: Savannah, Beaufort, SC, News, Weather & Sports

Loftis seeking 2nd term against political newcomer

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COLUMBIA, S.C. (AP) - South Carolina Treasurer Curtis Loftis is seeking a second term against political newcomer Brian Adams.

The winner of Tuesday's Republican primary essentially wins the job of chief financial officer. As in 2010, no Democrat is running.

The office's duties include paying state government's bills and overseeing the Future Scholar college savings program. The treasurer is also chairman of the board that regulates state banks and lenders.

Loftis has spent much of his tenure fighting with the Retirement Systems Investment Commission, the agency that invests South Carolina's pension portfolio, and his fellow commissioners. The treasurer is the board's only elected member.

Adams says he wants to take a more cooperative approach. The information technology consultant holds a bachelor's degree in computer science.

Loftis holds an associate's degree in retail management.

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