Audit: Golden LEAF needs to assay its grants better.
| Position | Eastern |
More than $700 million has flowed into the coffers of Golden LEAF Inc. since North Carolina joined 45 other states in settling lawsuits against cigarette manufacturers 10 years ago. The legislature set up the Rocky Mount-based nonprofit to disburse half the state's haul. But the state auditor's office isn't sure North Carolina is getting enough bang for its bucks. A recent report says the foundation hasn't effectively monitored $326.2 million in grants it awarded to stimulate economic development. "State funds...
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