How Gallant
If I had a big interest in coastal issues, this release from the state auditor's office would have my attention:
While the report found that the State acquired the Gallant’s Channel property well below its current fair market value, it also found that State Departments of Agriculture and Cultural Resources violated State regulations, and that the State Property Office failed to take title to Gallant’s Channel after the State provided funds for its purchase in 1997 and 1998. In addition, the State Property Office failed to inform the Council of State in 2006 of $190,000 in liens attached to the property.“My biggest concerns are whether the State has failed to take title on other properties purchased with taxpayers’ money and who might be using those properties as collateral for new loans,” said State Auditor Leslie Merritt. “I think the State Property Office needs to go back and research all property acquisitions to resolve any unknown ownership issues, in addition to correcting the process moving forward,” added Merritt.
Click here for the full report.
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