Filed under: Economy, Politics, Progressive | Tags: Alabama, Alabama PACT, Alabama Prepaid Affordable Tuition Fund, PACT
Havealittletalk demonstrates why it’s a good idea to educate yourself about people you’ve never heard of when you’re looking into a situation like this:
A former member of the PACT board was appointed despite the fact that he had been convicted of a felony involving the theft of public funds.
I wasn’t able to get much writing done this weekend, but I did have a chance to do a lot of thinking. My next step is to provide the best list I can of all the public and private organziations who have some role in managing the PACT fund.
Once I am done with that, my plans for this week are to provide an easy-to-read chart that will allow us to see how many times each section of the enabling law has been amendend, and when the amendments were passed.
After that, my plan is to put together a timeline that will show us, in chronological order, when each of the following took place:
1. Changes to the law.
2. Changes to official PACT documents.
3. Hiring of private firms contracted to manage the money.
4. Changes to the way the fund’s assets were allocated. I have at least one financial document for each year going back to 2004, and a few earlier documents as well.
5. What various public officials were saying while all these changes were being made.
I’ll also do what I can to help with efforts to communicate with the Legislature, and write about the efforts that others are making on that front.
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