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Va. gov seeks a review of tobacco panel

Wednesday - 2/26/2014, 4:51pm  ET

RICHMOND, Va. (AP) -- The McAuliffe administration is seeking a financial accounting from a commission that manages a $1 billion endowment created from one-half of Virginia's share of the master settlement with the nation's tobacco companies.

The 31-member Virginia Indemnification and Community Revitalization Commission was formed in 1999 to support economic development in the state's tobacco-growing region, which remains economically depressed.

In a letter dated Feb. 20, McAuliffe's chief of staff said the request is part of a review of state government, including "performance measures" for state agencies. The letter was obtained by the Richmond Times-Dispatch (http://bit.ly/1hoUzTy).

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Information from: Richmond Times-Dispatch, http://www.timesdispatch.com


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