GAO Report Slams Land Exchange Programs
13 July 2000 - 7:45am
GAO finds land exchange programs are rife for abuse by developers and timber companies, and suggests that federal agencies discontinue the programs.
A report by the U.S. General Accounting Office concludes that developers and timber companies benefit at the expense of the public from deals that are supposed to help protect natural resources. The report, which examimed only 51 of over 2000 deals, includes an example where The federal Bureau of Land Management sold one 70 acre Nevada parcel of land for $763,000 to a developer, who turned it around the same day for $4.6 million.
Full Story:
Rep. Miller Urges Halt To Swaps of U.S. Land
Source:
The San Francisco Chronicle, July 13, 2000
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