Maine Grant Discrepancy Brings Rating Concern

Piazza, Johanna
May 2003
Bond Buyer;5/15/2003, Vol. 344 Issue 31636, p31
Trade Publication
The Maine state auditor's office has identified a 19 million dollar discrepancy in the use of federal grant money that officials fear could lead to a credit downgrade if the state cannot account for how the funds were spent. The money in question is part of a 78 million dollar Temporary Assistance for Needy Families federal block grant, which is allocated annually to provide services and income supplements to working families. The state governor John Baldacci attributed the discrepancy to a lack of proper internal accounting controls.


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