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Thursday, August 23, 2012
Board Approves Hiring Fund Manager To Hand Out Slots Millions
A Maryland board has approved hiring fund managers to disburse slot machine revenue set aside to help minority- and women-owned businesses.
The Board of Public Works voted 2-1 on Wednesday to designate the Maryland Department of Economic Development to manage the small, minority and women-owned business account. It is funded by 1.5 percent of slot machine proceeds.
The board also approved allowing the department to procure the financial services of eligible fund managers.
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2 comments:
Right... More government employees to siphon off the money from where it was intended to go. Another example of BIGger government.
The winner won't see much of their money after these clowns get paid off will they?
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