HARRISBURG –Pennsylvania Auditor General Tim DeFoor has launched an audit of transactions authorized by the Pennsylvania Infrastructure Investment Authority (PENNVEST).

House Resolution 948 was introduced in 2018 in response to concerns raised about PENNVEST’s approval of loans totaling nearly $51 million for a New Hampshire-based company to purchase more than 60,000 acres of private forest land in Cameron, Clinton, Elk, Jefferson, McKean and Potter counties.

Rep. Martin Causer (R-Cameron/McKean/Potter) said, “PENNVEST was created to help our municipalities pay for infrastructure maintenance or upgrades, which is vastly different from loaning funds to a private company to purchase land.”

Rep. Martin Causer wrote the resolution seeking the audit in 2018, and it received unanimous approval in the House. Then-Auditor General Eugene DePasquale committed to conducting the audit but failed to do so during the two remaining years of his term.

In a letter to PENNVEST, DeFoor stated his agency will evaluate PENNVEST’s process for determining approval for loans and grants provided for the case at hand-Nonpoint Source Management Program Projects during the period of July 1, 2017, through June 30, 2018. It will also evaluate PENNVEST’s compliance with the loan agreements.

Pennsylvanians deserve to know and thankfully DeFoor is committed to finding the answers.