Rick Perry's Texas Enterprise Fund has granted $485 million in grants to private companies, allegedly to create jobs in Texas. Many of those companies are owned by the governor's largest donors. Since the creation of the fund ten years ago, Perry has collected $2 million in campaign donations from its recipients. It is a slush fund and crony capitalism at its worst.
On Friday, using a simple voice vote, the Texas House decided to audit the fund. The report is due no later than January 2015. But though the Senate approved an earlier version of the bill, the audit is not yet official.
“The measure must pass a final, procedural House vote. It then heads to conference committee to reconcile the latest version with what the Senate previously approved,” the Associated Press explains.