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Topic: Slush fund


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In the News (Thu 8 Jan 09)

  
  Slush fund - Wikipedia, the free encyclopedia
Slush funds can have particular elements of illegality, illegitimacy, or secrecy in regard to the use of this money; and the means by which the funds were acquired.
The term "slush fund" is also used in accounting to refer to a general ledger account in which all manner of transactions can be posted to commingle funds and "lose" monies by debits and credits cancelling each other out.
The term "slush fund" was originally a nautical term; the slush referred to the fat or grease that was obtained by boiling salted meat, the sale of which could then be used to provide the crew with special luxuries.
en.wikipedia.org /wiki/Slush_fund   (301 words)

  
 Slush - Wikipedia, the free encyclopedia
Slush is a slurry mixture of liquid and solid forms of water.
In areas where road salt is used to clear roadways, slush forms at colder temperatures than it would ordinarily, and only in salted areas; this can produce a number of different consitencies over the same geographical area.
Since water/ice slush has a very low temperature, it has been used as the basis for partially-frozen beverages (using a clean water source, of course).
en.wikipedia.org /wiki/Slush   (293 words)

  
 Re: Pork Barrel and Slush Fund
The term _slush fund_ became very popular in the political arena in the aftermath of the Civil War when it was first used to describe a contingency fund set aside by the Congress.
Since it was outside their regular operating budget, the "slush fund" was used for highly irregular and corrupt procedures such as bribes.
The expression _pork barrel_, used to describe government funds appropriated for projects as rewards to loyal constituents, is probably an offshoot of post-Civil War "slush fund." In any case, pork barrel appropriations are frequently contested, having assumed some of the negative overtones once associated with slush funds.
www.phrases.org.uk /bulletin_board/26/messages/1016.html   (586 words)

  
 Global Politician   (Site not responding. Last check: 2007-10-26)
The funds, supposed to be managed in trust since 1880 on behalf of half a million beneficiaries, were "either lost or stolen" according to officials.
Ryutaro Hashimoto, the former Japanese prime minister, was implicated as a beneficiary of the fund.
If a fund is in the form of money, it is not even necessary to refer to it outside the company accounts, since it can appear in them in disguised form (the 'accruals and deferrals' heads are often resorted to for the purpose of hiding slush money).
globalpolitician.com /articledes.asp?ID=1414&cid=10&sid=46   (2290 words)

  
 Slush fund: Facts and details from Encyclopedia Topic   (Site not responding. Last check: 2007-10-26)
Slush fund: Facts and details from Encyclopedia Topic
Slush fund was originally a nautical term[For more facts and a topic of this subject, click this link]; the slush referred to the fat or grease that was obtained by boiling meat, EHandler: no quick summary.
Richard Nixon[Click link for more facts about this topic] for example was involved in a scandal in 1952 that concerned what was called a "slush fund", EHandler: no quick summary.
www.absoluteastronomy.com /encyclopedia/s/sl/slush_fund.htm   (265 words)

  
 Congress's Billion Dollar Slush Fund
A close look at how funding to run Congress is approved shows that money for operating the legislative branch has been turned into a shadowy slush fund under the control of congressional leaders.
The no-year slush fund could allow Congress to escape the effects of a sequester, such as those under the Gramm- Rudman deficit reduction law, without the public embarrassment of having to exempt itself.
The rollover of undesignated funding, coupled with the absence of independent auditing, lack of detail, and overall complexity or secrecy of the funding processes presents a situation ripe for abuse.
www.heritage.org /Research/GovernmentReform/BG898.cfm   (2786 words)

  
 Lucchino calls CYF slush fund a violation
CYF Director Marc Cherna shut down the fund in April, when the agency was still called Children and Youth Services, but only after learning that Controller Frank Lucchino had begun investigating the improper payment procedure.
The idea behind the fund was that it could be used to issue checks more quickly than under the county's procedure, and that would be important in cases where parents were threatened with losing their children to foster care if they couldn't pay to have heat or water service restored immediately.
The current CYF slush fund was set up as part of a contract it had with a nonprofit agency, Family Resources.
www.post-gazette.com /regionstate/19981016cyf5.asp   (1017 words)

  
 slush fund. The American Heritage® Dictionary of the English Language: Fourth Edition. 2000.   (Site not responding. Last check: 2007-10-26)
A fund raised for undesignated purposes, especially: a.
A fund raised by a group for corrupt practices, such as bribery or graft.
A fund used by a group, as for entertainment.
www.bartleby.com /61/73/S0487300.html   (115 words)

  
 SignOnSanDiego.com > News > Education -- Bersin fund raised about $524,000, report says
The remainder of the Superintendent's Fund for School Innovation was spent on a variety of purposes, ranging from $25,000 in "salary support" for a communications director to more than $44,000 to reimburse Bersin's "meeting, entertainment and travel expenses," according to the report prepared by the nonprofit group that administered the fund.
Condemned by critics as a slush fund, the superintendent's fund was a source of friction between Bersin and some school board members because Bersin did not need official approval to draw from it.
Who contributed to the fund and how it was used did not have to be docketed for school board discussions.
www.signonsandiego.com /news/education/20050921-9999-1m21fund.html   (1042 words)

  
 billingsgazette.com
HELENA - Democrats on Monday assailed a new Republican political group as a soft-money slush fund for Gov. Judy Martz and her inner circle, saying that large corporate contributions to the fund suggest that Martz administration's policies are being bought and sold.
Baker, a Helena attorney and longtime Republican insider, is president and founder of the fund.
The fund is among a new wave of soft-money political organizations that report their income and expenditures to the Internal Revenue Service, rather than the Federal Elections Commission, as most political organizations are required.
www.billingsgazette.com /index.php?id=1&display=rednews/2002/02/26/build/local/70martz.inc   (725 words)

  
 The Austin Chronicle Politics: Savings or Slush?
What Robbins calls the "slush fund" is Austin Energy's Debt Management Fund, created to house "excess electric utility cash" by the City Council in December 1996, as part of its major push to get AE ready for the new era of electric deregulation.
This state of affairs worries AE a bit; their current plan is to redefine the DMF as a contingency fund, plain and simple.
In Sacramento, the Municipal Utility District's $100 million rate-stabilization fund was drained in just 10 months by spikes in California wholesale power prices; SMUD had to raise its rates for the first time in over a decade and add a surcharge to bills to rebuild the fund.
www.austinchronicle.com /issues/dispatch/2002-08-23/pols_feature.html   (1265 words)

  
 Carolina Journal | Law At Issue In Slush Fund Grants
General Statute 143-16.3 says that the state government may spend "no funds from any sourceĀ…for any new or expanded purposes, positions, or expenditure" which the legislature has already considered but failed to enact earlier in the same fiscal period.
Because those nine projects were considered earlier in the budget process but rejected as lawmakers approved the final budget, their funding under the discretionary process may have been illegal.
Department heads in three agencies of the Easley administration approved almost 200 discretionary fund projects this fiscal year that were requested by either Basnight, Black, or former House co-speaker Richard Morgan.
www.carolinajournal.com /exclusives/display_exclusive.html?id=2304   (554 words)

  
 The Corrections Slush Fund
To solve these concerns (and to justify the slush fund) commissaries were opened in the prisons.
Money was spent from the fund to buy stock for the commissary and the income from the sales went into the fund.
Originally, the profits from the fund were supposed to be spent only in very limited ways to directly benefit prisoners; stuff like "emergency" tobacco for newly arrived inmates, writing supplies or combs or razors for the poor; stuff like that, things not supplied by the state as sustenance.
www.prisoners.com /slushfun.html   (924 words)

  
 'Swordfish': How to Steal a Government Slush Fund
Eventually government agents and others were caught skimming the slush fund and stealing the money for themselves.
The premise of Swordfish the movie is that the slush fund created by this operation has grown to a whopping $9.5 billion.
The slush fund was created by monies taken from drug dealers that was later not accounted for by different agencies."
www.conspiracydigest.com /filmswordfish.html   (1530 words)

  
 CLT Update: 7 Mar 00 - Yet Another State Slush Fund Uncovered
Because the fund was established solely to provide health insurance for the unemployed who meet certain income requirements, any change requires legislation.
Dreyfus said that he would not want to see the new fund take the place of "fundamental reform of the system," which legislators and the governor's office say will be addressed by a special task force that will be formed in coming weeks.
As a concession to employers, who administration sources said have mixed views about the loan fund, Cellucci also is asking the Legislature to reduce the amount that employers contribute to the fund by 25 percent.
www.cltg.org /cltg/cltg2000/00-03-07.htm   (1224 words)

  
 North Carolina Republican Party
Attorney General Roy Cooper’s report on the legality of the slush funds left a lot to be desired for those of us rooting for good government.
While Cooper did offer harsh words for the underhanded way of creating and distributing slush fund money, he did not find the slush fund scandal unconstitutional, and he did little to prevent the practice from occurring in the future.
The state constitution says that “all government of right originates from the people, is founded upon their will only, and is instituted solely for the good of the whole.” One thing is crystal clear from the fallout of the slush fund scandal and the Attorney General’s report: the will of the people has been ignored.
www.ncgop.org /chairmanscorner/100605SlushFunds.asp   (703 words)

  
 Carolina Journal | Exclusives Series - Legislative Slush Funds
In 1997, Carolina Journal led the way in uncovering a secret $21 million slush fund used by legislative leaders to reward political allies and distribute pork, often in violation of law.
RALEIGH — N.C. Department of Transportation Secretary Lyndo Tippett continues to maintain a slush fund of $5 million for House Speaker Jim Black and Senate President Pro Tem Marc Basnight in the wake of a controversy that erupted when the practice was exposed in March.
RALEIGH — In addition to the $2.4 million discretionary fund parked at the Department of Health and Human Services that he and Speaker Jim Black were to divide, former Republican House co-speaker Richard Morgan controlled $1.5 million in another account.
www.carolinajournal.com /exclusives/series.html?id=17   (1216 words)

  
 CLT Update: 9 Mar 00 - Yet Another State Slush Fund Raided
Paul Cellucci proposed using $90 million in surplus cash from the fund to be used to lend money to community hospitals, neighborhood health centers, nursing homes, home health care centers and other providers.
But the fund was generated through a tax on businesses, and some business leaders are concerned about the money being used for new purposes.
Under a proposal to be introduced today, the lawmakers would set aside an unspecified portion of surplus cash in a fund to aid the unemployed, and dedicate the money to help cover medical costs for children with catastrophic illnesses.
www.cltg.org /cltg/cltg2000/00-03-09.htm   (683 words)

  
 GOP lawmakers say health-crisis monies like 'slush fund' for Napolitano
Janet Napolitano dipped into a fund used for health emergencies to help promote the state's prescription-drug program for seniors, a move that has come under fire because she pledged not to use taxpayer money to advertise the discount cards.
Some state lawmakers said Tuesday that Napolitano is using the state's health-crisis fund as a "gubernatorial slush fund." The same fund is being used to combat the spread of the West Nile virus, a potentially deadly disease spread by mosquitoes that has killed three Arizonans this year.
Napolitano's office said the use of the money, which was approved with an executive order on June 30, is dealing with a legitimate health crisis among a vulnerable population: Arizona's seniors who don't have prescription-drug benefits.
www.azcentral.com /specials/special12/articles/0817crisisfund-ON.html   (531 words)

  
 Wildcat settlers funded by 'secret state slush fund' - smh.com.au
The funds for setting up a number of the illegal outposts have been channelled through a branch of the quasi-governmental Jewish Agency, the report by Israel Channel 2 said.
Government sources, cited in the television report, denied knowing the money was being used for illegal settlement activity, saying they had become aware of the funding only after they were approached by the Ministry of Defence, responsible for dismantling the outposts.
M.K. Avshalom Vilan, a member of the moderate Meretz Party, described the funding as "absurd" because the Government was "with one hand transferring money to set up the outposts and with the other paying money to get rid of them", he told the channel.
www.smh.com.au /articles/2003/06/27/1056683906556.html   (572 words)

  
 Sun-News of the Northland   (Site not responding. Last check: 2007-10-26)
It's basically a slush fund and as much as they want to say it's their money it's not.
Reeves now plans to use those funds to purchase an imaging system for her department to scan and create an electronic database.
Money in the Tax Maintenance Fund that is not spent is returned to the county for general services.
www.zwire.com /site/news.cfm?BRD=1452&dept_id=155076&newsid=14924409&PAG=461&rfi=9   (768 words)

  
 Future Fund Or Slush Fund?
By refusing to rule out spending from the Fund, and by announcing his preference for a Fund which isn't arms length from the Government, he has created more confusion.
The confused and piecemeal development of the Future Fund was clear when Treasury officials were unable to answer questions on the structure of the Fund during recent Senate Estimates.
From the Prime Minister's comments it is tempting to conclude this will be another slush fund, a government-controlled pot of money to be cynically doled out to favoured infrastructure projects, Tumbi Creek-style.
www.alp.org.au /media/0405/msatfin110.php?tv=on   (278 words)

  
 Taiwangate?--Bush Appointees Linked to Secret Slush Funds UPDATE
Allegations that a past president of Taiwan illegally set up a $100 million secret slush fund to pay for overseas intelligence, propaganda, and influence operations are causing ripples that have reached into the Bush Administration.
Pomfret, who interviewed past and present officials in Taipei, reported that the secret slush fund was divided into seven components, and one called Mingde ("Clear Virtue," in English) handled projects involving the United States and Japan.
One Taiwanese official told Pomfret that Taiwan regularly funded research by U.S. academics on Taiwan, subsidized conferences conducted by U.S. think tanks (such as the Heritage Foundation and the American Enterprise Institute), and paid for trips to Taiwan taken by congressional aides.
www.thenation.com /capitalgames/index.mhtml?bid=3&pid=42   (2383 words)

  
 AlterNet: No Money for the Halliburton Development Fund
The push to raise international funding, insofar as it made any sense at all, was an attempt by Powell to win an inter-departmental battle in Washington.
Few if any of the assembled donors were prepared to put any of their cash into the so-called Iraqi Development Fund, into which the residual money from the Oil For Food program, future oil revenues, and any other cash assets of the Iraqi regime are supposed to go.
The seized assets are as unlikely to end up in the reconstruction fund as the large stashes of hundreds of millions of greenbacks that were recovered in the early days of the war.
www.alternet.org /story.html?StoryID=17070   (937 words)

  
 sfbg.com | news
But it was easy to raise $300,000 for Newsom's inaugural celebration; since that wasn't a political campaign, the limits didn't apply, and big-money interests like the Shorenstein Co. and Clear Channel could kick in more than $10,000 apiece.
A document prepared by the law firm for Newsom's campaign, Sutton and Partners, indicates there was, at least at one point, a proposal to pay some of those same consultants big fees out of the inaugural fund.
But since the document with the accounting breakdown was sent to the San Francisco Ethics Commission by mistake, and commission head Ginny Vida ordered the record destroyed, a real issue over Newsom's campaign spending has been caught up in a legal and political mess.
www.sfbg.com /38/20/news_ed_newsom.html   (512 words)

  
 AsiaMedia :: KOREA: Samsung slush fund probe widens
Prosecutors suspect Kim would have had a role in the provision of illegal funds should the allegations on Samsung turn out to be true.
Kim, along with vice chairman Lee, was also summoned by the prosecution in February last year, and was questioned over allegations that Samsung provided slush funds to presidential candidates during the 2002 elections.
The statute of limitations for illegal political funding is three years under Korean law, making it impossible to prosecute Samsung executives on the charges.
www.asiamedia.ucla.edu /article.asp?parentid=29479   (725 words)

  
 Results in
An alleged slush fund for the L.A. Superior Court Judges Association is at the heart of a scandal involving possible income-tax evasion and gifts that may affect judges' rulings.
Bank accounts funded in part by fees from local lawyers and others involved in the family-court system are troubling litigants.
Former presiding judge Robert Parkin tells Insight that an account critics dub a slush fund is nothing more than "coffee-and-flowers" cash for the Los Angeles Superior Court Judges Association, or LASCJA.
www.findarticles.com /p/articles/mi_m1571/is_16_15/ai_54543036   (459 words)

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