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Mon October 21, 2013
NERD Fund To Be Shut Down, Replaced
Governor Rick Snyder says his controversial NERD Fund will be shut down this week.
As we hear from The Michigan Public Radio Network’s Rick Pluta, the governor says a new fund will be more open about donors and expenditures.
Critics and political adversaries made an issue of the NERD Fund. They say it posed too many potential conflicts of interest because there was no disclosure of who was paying into it – and what they might be getting in return.
Governor Snyder says the new fund will reveal its donors and expenditures.
“So people will simply be able to go look and see it online,” he says.
The governor says, however, past donors will not be revealed.
The governor used the NERD Fund to pay expenses he says should not be picked up by taxpayers. Those included the salary of a top aide, and some living expenses for Detroit emergency manager Kevyn Orr.