FCA-2013-8550

The results of our audit disclosed a matter that is considered reportable under Government Auditing Standards. The Authority is not cost effectively meeting its legislative mandate to alleviate a shortage of available and affordable loans for agriculture and agricultural export. The audit recommends that the Authority and General Assembly consider whether the activity currently occurring, along with activity projected, continues to cost-effectively meet the intent of the legislation or whether alternatives to the current operating structure should be considered. Details about this item are provided in the Audit Findings and Responses section of the report.

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