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10/15/2019 11:01 AM
Pennsylvania House of Representatives
https://www.legis.state.pa.us/cfdocs/Legis/CSM/showMemoPublic.cfm?chamber=H&SPick=20170&cosponId=25855
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House of Representatives
Session of 2017 - 2018 Regular Session

MEMORANDUM

Posted: May 18, 2018 10:20 AM
From: Representative Martin T. Causer
To: All House members
Subject: Resolution - PENNVEST Audit
 
I plan to introduce a resolution calling on the Auditor General to initiate an audit and review of PENNVEST nonpoint source management transactions. Recently many questions and concerns have been raised about nonpoint source transactions in which PENNVEST financed the purchase of 60,000 acres of private forest land in Northcentral and Northwestern PA. The transactions amounted to a $50 million loan at a 1 percent interest rate to a private investment firm. The House Agriculture and Rural Affairs Committee held an informational meeting on this topic. The public meeting generated a significant number of questions and concerns relative to whether the transactions are appropriate and in compliance with the PENNVEST statute. I believe a thorough audit of all 118 PENNVEST approved nonpoint source transactions is necessary. Please join me in sponsoring this important resolution.



Introduced as HR948