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The benefits fund spends about $100 million a year on prescription drugs.
Mr. Rose likes to say that over a decade the fund spends $25,000 on each participant, which consultants say is relatively high.
The creation of the Neediest Summer Jobs Program represents a departure from the usual manner in which the fund spends money from its $26.2 million endowment.
One major reason is now known: The average smaller fund spends a greater percentage of assets on administrative costs, advisers and managers, and on marketing costs like 12b-1 fees.
Senator Leonard Lance of Hunterdon County, who rallied the Republican opposition to the tax increase, said he was willing to return to the issue next year as part of a broader program to regulate how the transportation fund spends its money.
The fund spends as much as $35,000 a year to support a long-term National Park Service mountain lion study in the area, said Executive Director Art Eck.
Similar(53)
Soon after, an Elliott fund spent $2.3m on the debt of Congo-Brazzaville.
In support of that campaign, the fund spent over $300,000 in lobbying fees, filings show.
The fund spent $20 billion between 1950 and 1980, but it did not industrialize southern Italy.
Both the President's Emergency Plan for AIDS Relief and the fund spend billions, but in different ways.
Last year, the fund spent about $8 billion to support rural phones and subsidize phones in poor neighborhoods, schools and libraries.
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