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Wednesday, August 12, 2020
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Nathan Simmonds, director of finance administration at the Public Finance Authority, testifies before the Senate Finance Committee Monday. (Photo by the V.I. Legislature)

PFA Looking into Reprogramming Unspent Capital Projects Funds

The Public Finance Authority is exploring ways to address roughly $115 million in unexpended capital projects funding, a chronic problem among local agencies. Reprogramming them for other purposes is not off the table, Nathan Simmonds, the director of finance administration at the Public Finance Authority, told lawmakers Monday.

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