Ray Farmer, Director of the South Carolina Department of Insurance, announced today that the South Carolina Department of Insurance has released the first draft of the Beneficiary Mitigation Plan required under the Volkswagen Environmental Mitigation Trust. Governor Henry McMaster designated the Department of Insurance as the Lead Agency for administering South Carolina’s approximately $34 million allocation as a beneficiary under the Trust in 2017.
Funding priorities highlighted in the draft plan include:
- Transit, Shuttle, and School Buses
- EV charging equipment, possible 15% max contribution
The Department will be accepting public comment on the draft plan until May 25th. Contingent upon the release of a revised draft mitigation plan the public comment period will be extended for an additional 30 days. Comments may be submitted via email to: vwsettlement@doi.sc.gov.
With the release of this draft, Director Farmer announced that the Department will hold a public meeting to solicit comments and input regarding the draft plan on Tuesday, May 1, 2018.
