Audit: Billions in pandemic relief funds in N.C. spent with limited monitoring PUBLISHED 10:13 AM ET May. 13, 2021 PUBLISHED 10:13 AM EDT May. 13, 2021
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North Carolina sent out billions of dollars to help inject money into the economy during the coronavirus pandemic last year. But the state did not monitor how companies were using those funds, leaving openings for people to misuse the money, according to a new audit.
The federal CARES Act gave $3.6 billion in relief funding to North Carolina, but most of that was distributed with limited monitoring and without making sure the recipients could actually measure results from the funding, the audit found.