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Discontinue using its low-rent public housing fund as a general fund to pay costs associated with its business activities until it has established appropriate controls.

Publication Report

2014-FW-1002 | May 27, 2014

The Truth or Consequences Housing Authority’s Financial Controls Were Not Adequate To Ensure That It Used Its Low-Rent Funds Appropriately

We audited the Truth or Consequences Housing Authority of Truth or Consequences, NM, in response to an anonymous complaint alleging that the Authority inappropriately transferred ownership of some of its properties to the New Mexico Housing and… more