Opportunity Board runs risk of losing state programs, official says.(news)

Publication: Las Vegas Review-Journal (Las Vegas, NV)

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COPYRIGHT 2004 Las Vegas Review-Journal

BYLINE: JULIET V. CASEY, REVIEW-JOURNAL

The financially troubled Economic Opportunity Board could be stripped of programs and some $40 million in state funding if the nonprofit organization cannot correct deficiencies identified in a federal investigation.

The organization, tasked with helping the county's poorest residents, is at least $3.3 million in debt, has had its credit line reduced and has few assets to sell to generate the money needed to cover its liabilities, according to a federal report released Wednesday.

Michael Willden, director of the state's Human Resources Department, called for the federal investigation last month after the board was unable to account for $2.1 million. The state had advanced the money to help the organization with cash flow problems in its child...

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