Nevada writes off nearly $12 million in federally funded clean energy loans as ‘bad debt’

The Nevada Independent: Nearly $12 million in federally funded loans earmarked for clean energy projects in Nevada stemming from the 2009 federal stimulus package were never spent and has been written off as unrecoverable by the state.

Members of the state Board of Examiners — composed of the governor, secretary of state and attorney general — voted on Tuesday to write off more than $11.8 million in bad debt from eight federally funded loans for clean energy projects  owed to the state but deemed uncollectable by the state Controller’s Office, which oversees collections.

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