WASHINGTON — South Carolina Gov. Mark Sanford gave no indication yesterday whether he would accept $700 million of federal stimulus aid and accused state lawmakers of exaggerating the need for the funds.

The governor last month made a pitch to use the $700 million — which the state is slated to receive from the $48.6 State Fiscal Stabilization Fund under the new stimulus law — to pay down state debt or help fund the state’s pension plan. But officials from the Obama administration told him that the funds could not be used for that purpose, leading Sanford to say he would reject the $700 million.

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