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Page 5 G--COS/CFA Financial Conclusions
FOAVC
conclusions regarding its investigation of the financial and other
records of Compact for America and Convention of States are as follows:
Compact for America
FOAVC has concluded
several possible violations of Texas state law and federal income tax
law involving the organizations known as Compact for America
Educational Foundation, Inc., Compact for America(Action) or Compact
for a Balanced Budget Commission may have occured. Based information
obtained during its investigation FOAVC believes official investigation
of these possible violations is warrented.
Convention of States
Conclusions regarding
the FOAVC investigation of Convention of States will be released upon
completion of the investigation. At this time FOAVC has no comment
whasoever regarding the financial records of Convention of States nor
any action by that organization.
Page Last Updated: 14 AUGUST 2017