The federal government pays $2 million annually in monthly service fees to maintain about 28,000 phantom grant accounts that are empty and have expired.
Source: Wastebook 2012, Office of Senator Tom Coburn (R-OK)
The Waste List > Total Value of Government Waste: $57,322,568,479
Phantom and unused grant account fees
- $2,000,000
Source: Wastebook 2012, Office of Senator Tom Coburn (R-OK)
Source: Wastebook 2012, Office of Senator Tom Coburn (R-OK)