DeLaney attempt to protect taxpayer dollars, investigate IEDC struck down

Today, State Rep. Ed DeLaney offered an amendment to House Bill 1003 to investigate the Indiana Economic Development Corporation (IEDC) for corruption and for failings around the LEAP Project. His motion would establish the House Select Committee on Accountability and Handling of Economic Development Appropriations. This House Select Committee would be formed to investigate the practices of the Indiana Economic Development Corporation (IEDC) and its affiliated entities and to release findings and recommendations for improved transparency and stewardship of public funds. This comes after a report from the governor on the IEDC revealed that there was every opportunity for misuse of taxpayer funds to occur, but stopped short of saying if that misuse happened and how much money was involved.

Last week, DeLaney put forward House Resolution 12 to form this House Select Committee. HR 12 was adopted on Tuesday of this week before House Republicans suddenly reversed that action yesterday. In response, DeLaney forced a vote on the proposed investigation.

DeLaney released the following statement after his amendment was defeated on the House floor today: 

“While the governor started the process of determining if wrongdoing occurred at the IEDC, the result of the forensic audit was limited at best. I am not satisfied with knowing that powerful people were given every opportunity to steal. Hoosiers deserve to know if their tax dollars were indeed misused and, if so, how much money was lost. As the House of Representatives, we are responsible for safeguarding the integrity of public funds and therefore owe it to our taxpayers to uncover the truth.

“We need a thorough investigation to ensure transparency and accountability for the IEDC and to make sure that this type of potential for corruption never happens in the future. I am disappointed that this amendment was killed based on a campaign of misinformation amongst the majority.”