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Federal dollars that go unspent for three years must be returned to the federal Treasury.
That means money that might ordinarily go unspent would be spent, but without changing the overall budget figure.
And thus the money would essentially go unspent, forcing the board to siphon money away from existing programs.
Fewer than 15,000 households are expected to receive help despite enormous demand, and perhaps half of the money will go unspent.
Brian Riley of the financial consulting firm TowerGroup estimates that $41 billion has been lost or is likely to go unspent in cards issued from 2005 to date, according to The Wall Street Journal.
Officials are especially concerned that hundreds of millions of dollars may go unspent at a time when Congress has already rescinded about $100 million in work force investment money nationwide.
Similar(48)
A lot of it went unspent.
The $250,000 appropriated last year went unspent.
All told, about $72 million went unspent.
Sometimes it goes unspent, sometimes it never materialises.
When those funds went unspent, they had to be returned to the state.
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