Jump to full article: Fayetteville (NC) Observer & Times, 2009-11-03
Author: A staff report
Intro: A foundation that distributes North Carolina's tobacco settlement money broke the law by approving a $15 million grant behind closed doors, State Auditor Beth Wood said Monday.
In a report, Wood accused the Golden LEAF Foundation of repeatedly restricting and delaying her access to records of the foundation's meetings and investments.
That is worrisome, Wood said.
State lawmakers set up Golden LEAF, which stands for the Long-term Economic Advancement Foundation, in 1999 to manage the proceeds of a historic settlement with cigarette makers.
The Rocky Mount-based foundation has received $706.5 million
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