DENVER (AP) -- Colorado lawmakers have ordered the agency that runs a state scholarship program to report back to them monthly after auditors found conflicts of interest, expensive gifts to financial advisers and unused scholarships.
CollegeInvest said Monday only 76 people qualified this year for a total of $91,000 in scholarships for students who work hard and promise to go to college.
State lawmakers expected about $3.8 million in scholarships to be awarded.
Auditors say board members voted to sponsor other programs whose boards they sat on, and in one case gave out $80 golf clubs to financial advisers in exchange for their e-mail addresses.
CollegeInvest says the programs are new and it's working to reduce cumbersome regulations to get more students into them.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
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