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SD Lawmakers Begin Look At Development Programs

March 7, 2014, 5:03 AM
Updated: March 7, 2014, 9:41 AM

SD Lawmakers Begin Look At Development Programs
PIERRE, SD -

A South Dakota legislative panel is holding its first hearing on the state's economic development agency and its involvement in issues related to a failed beef packing plant.

The Government Operations and Audit Committee will review two reports from private auditing firms and one from the state Department of Legislative Audit.

Those reports found flaws in some financial procedures and the handling of documents by the Governor's Office of Economic Development.

Gov. Dennis Daugaard ordered the reviews after finding about alleged misconduct in the development agency before he took office in 2011. A federal investigation also is being conducted into the failed Northern Beef Packers plant in Aberdeen and the use of the federal EB-5 program, in which foreign investors can secure permanent residency in exchange for $500,000 investments.

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