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Posted January 25. 2013 11:26AM

Securities Bureau's investor education fund paid for LGC investigation

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Anything not spent over $750,000, is supposed to go back to the general fund. But in the last few years, at least $500,000 from that fund has been going to the bureau's ongoing battle with the Local Government Center for allegedly failing to return surplus funds from its pooled risk insurance programs to its member municipalities.