Word: unspent
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...delays and squabbles mean that Congress's $62.3 billion largesse has mostly gone unspent. More than half--$37.5 billion--is sitting in FEMA's account, waiting for a purpose. Under fire for being slow to respond, the Bush Administration had rushed two emergency supplemental bills to Congress with little thought about how the money would be spent or how fast. Now FEMA is "awash in money," says a Democratic appropriations aide. Of the nearly $25 billion assigned to projects, checks totaling only about $6.2 billion have been cashed. As a result, a third supplemental-funding bill sent to Congress suggests...
...their staff as sincere professionals faced with an almost impossible task. But she also complains that turf wars and bureaucratic inefficiency have hampered coordination of efforts. For example, $10 million set aside eight years ago for monument restoration under a body called the National Culture Fund is still largely unspent. Culture Secretary Neena Ranjan concedes there are "major problems" but points out the enormity of the challenge: "We do the best we can, but it's not our achievements people want to talk about." ASI director general Rajeev admits that the poor skills of the manual laborers he employs have...
...bank-issued gift cards sold at their neighborhood mall would be the ideal gift; she could redeem them at any store in the shopping center. But nearly six months later, when Arlene tried to buy a $20.50 blouse with $2.50 in cash plus a gift card with $18 of unspent credit, the sales clerk said it couldn't be done, citing a fine-print rule on the back of the card prohibiting purchases for more than the available balance. Norman eventually had to pay cash for the blouse...
Unwilling to rely on the goodwill of issuers, consumer advocates have begun pushing for bans on expiration dates and user fees for all the products, plus replacement if the cards are lost or stolen as well as clear avenues to get cash for unspent funds. "Until Congress acts, there's very little protection for users of bank- issued cards," says Gail Hillebrand, an attorney with Consumers Union. "If you receive a gift card, make sure you know what you're getting into...
...consequences of this funding scheme are threefold. First, those HoCos that actually put on the most events are eligible for a record funding level. Second, those HoCos that do not take advantage of Council funding do not render the Committee Fund inoperable due to large, unspent allocations. Finally, with the problem of unused allocations dealt with, the Committee Fund is freed to put on campus wide events that have, in the past, been impossible to allocate money for. At the same time, the Council has also increased Student Group funding from $180,000 to over...