The House Agriculture and Rural Affairs Committee is scheduled to meet on June 11 to consider House Resolution 948 (Causer-R-Cameron) Requesting the Auditor General to do a financial audit of the PA Infrastructure Investment Authority nonpoint source water pollution control program.
The resolution was prompted by a March 26 information meeting the Committee had on the $50 million in loans the PA Infrastructure Investment Authority made to Lyme Timber Company to help the private company buy 60,103 acres of private forest land in 6 Northern Tier Counties.
At the meeting, a number of members questioned whether financing the purchase of forest land by a private company was the best use of $50 million in PennVEST money.
The goal of the audit is to determine if the $50 million loan falls within the definition of “project” under Act 16 of 1988 that established PennVEST.
The goal of the audit is to determine if the $50 million loan falls within the definition of “project” under Act 16 of 1988 that established PennVEST.
The meeting will be held in Room 60 East Wing starting at 12:15. Committee meetings are typically webcast at the House Republican Caucus website.
Rep. Martin Causer (R-Cameron) serves as Majority Chair of the House Agriculture Committee and can be contacted by sending email to: mcauser@pahousegop.com. Rep. Eddie Day Pashinski (D-Luzerne) serves as Minority Chair and can be contacted by sending email to: epashins@pahouse.net.
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