Mejappz
Elite Member
- Joined
- Dec 16, 2005
- Professional Status
- Certified Residential Appraiser
- State
- Florida
Well, look how many times I have told you people that the ASC and TAF are corrupt entities that need to be abolished. Now it has been found that the ASC used appraiser funds to award “grants” to CLEAR a cough, cough a "non-profit"t organization that provides support and resources to regulatory agencies, professional licensing boards, and enforcement agencies.
The Appraisal Subcommittee (ASC) of the Federal Financial Institutions Examination Council violated the purpose statute when it awarded a cooperative agreement to a nonprofit entity. ASC's appropriation permitted it to award grants to states and to a particular nonprofit corporation. The cooperator in this case was neither, so it was not eligible to receive funding under the appropriation. Because ASC's appropriation is not legally available for such an assistance arrangement, ASC also violated the Antideficiency Act by entering into and expending funds toward the cooperative agreement.
www.gao.gov
The Appraisal Subcommittee (ASC) of the Federal Financial Institutions Examination Council violated the purpose statute when it awarded a cooperative agreement to a nonprofit entity. ASC's appropriation permitted it to award grants to states and to a particular nonprofit corporation. The cooperator in this case was neither, so it was not eligible to receive funding under the appropriation. Because ASC's appropriation is not legally available for such an assistance arrangement, ASC also violated the Antideficiency Act by entering into and expending funds toward the cooperative agreement.
Appraisal Subcommittee of the Federal Financial Institutions Examination Council—Application of Purpose Statute and Antideficiency Act to Cooperative Agreement
The Appraisal Subcommittee (ASC) of the Federal Financial Institutions Examination Council violated the purpose statute when it awarded a cooperative...
