DOE Report Slams $870M In Unspent Stimulus Funds

Law360, New York (September 7, 2011, 8:21 PM EDT) -- State and local governments have failed to spend as much as $870 million in stimulus money they received under a U.S. Department of Energy program to improve energy efficiency, according to a report released Wednesday.

More than two years after receiving the money, recipients have left about a third of their $2.7 billion stimulus funds untouched and the DOE has failed to properly monitor their spending, the agency’s inspector general said.

The report came on the eve of President Barack Obama’s highly anticipated speech to Congress...
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