School board audit looks at investments - KWWL - Eastern Iowa Breaking News, Weather, Closings

School board audit looks at investments

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IOWA CITY (KWWL) -

A state audit repots shows an Iowa schools group used tax dollars to invest in risky financial instruments that lost more than $1 million.

The audit found the Iowa Association of School Boards participated in "speculative investments and transactions". It also says the Iowa Attorney General warned the group the investments may be illegal. 

 

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