We hear that a state fund set aside for environmental projects may be a little short of cash.
A good bit of the fund got invested in Freddie Mac and Fannie Mae bonds, which took a nose dive during the housing crisis. The money is supposed to be available to overcome environmental damage.
A look at the fund is in the early stages and could be examined by the state Legislature’s Fiscal Review Committee, concerned about how these escrow funds have been controlled and disbursed.
Stay tuned.
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