Montgomery, AL – State examiners have found that two nonprofit organizations that went unaudited for three years after being created by state legislators have not spent most of the $800,000 they have received in Alabama tax revenue.
Auditors said the nearly $140,000 that has been spent has gone for schools, volunteer fire departments and economic development.
The examiners' reports on the Marion County Community Development Association and the West Alabama Development Association of Fayette County did not find any questionable expenditures or any charges for management costs.
A board member for both associations, Democratic state Sen. Roger Bedford of Russellville, said Monday the associations have been holding on to money to use during cutbacks in the state budgets.
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