An audit conducted by the Energy Department’s Office of Inspector
General was "unable to locate" $500,000 worth of equipment purchased
with stimulus money by a recipient of funds distributed through the
deparment's “Advanced Batteries and Hybrid Components Program,”
according to an audit report published by the OIG.
The DOE said it would not be "appropriate" to release the name of
stimulus-money recipient where the $500,000 worth of equipment could not
be located.
The program was given nearly $2 billion in stimulus funds "to support
the construction of U.S. based battery and electric drive component
manufacturing
plants." As of June, DOE had "expended" about $1.2 billion of that
money and had made grants to "30 for-profit manufacturers," according to
the July 10 audit report.
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1 comment:
Somehow it will be found in Obama's campaign for re-election coffers
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