S.C. DEPARTMENT OF COMMERCE : A REVIEW OF THE ECONOMIC DEVELOPMENT BOND FOR WETLANDS MITIGATION AT THE BOEING MANUFACTURING SITE

Abstract

Members of the General Assembly requested an audit of the use of the proceeds from a S.C. Department of Commerce general obligation economic development bond. The audit objectives were to: Determine how the State of S.C. General Obligation State Economic Development Bond in the amount of $5,000,000 was spent ; Determine if there were restrictions on spending the bond proceeds ; Determine what the U.S. Army Corps of Engineers Standard Operating Procedure was for mitigation of destroyed wetlands ; Determine the similarities in both the wetlands permitting certification process and the related legal steps for appealing permits in other Southeastern states when compared to those same processes in South Carolina ; Determine how permits can be delayed, who can delay permits, for how long, and what remedies there are, including bond requirements, for the delays.