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And I have been pleased to fulfill them and proud to invite them. Chairman Leahy. As my last inquiry, in some of the testament this morning there has been a tip that, of course, simply with all the hundreds of billions, trillions of dollars ready to invest, you ought to just go somewhere else.


Stenger. I would tell you that in this environment the ability to increase funding for the important things we are doing would certainly have-- it is difficult to do so in a way that would certainly enable us as successfully and as swiftly create the important things we have done. You can borrow cash if you have obtained 50 percent down.


I could have obtained half of that if I had the $12 million in cash money to place up. Everyone recognizes that, yes, financial institutions have money to finance as long as you have actually got fifty percent of it in your pocket before you request for the various other half. That is not how business functions these days.

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You are talking from a real-world experience, not from a think storage tank experience. I will certainly leave that simply as a gratuitous comment from the Chairman. Legislator Grassley. Legislator Grassley. Thank you. I wish to be liable in this issue of undocumented workers. I desire to confess that we just have unscientific information, however I want to ask you to what degree you need to go or do most likely to see to it that the facilities make sure that the financial investments do not develop work for individuals below illegally.


Mr. Stenger. We have actually hired-- as I claimed, at the Peak we had 550 building workers on our job.


They are made up of 10, 15, 20, 30 staff members. They are from our local areas. They are Vermonters. They are profiting directly from the financial investment. So we are a hands-on center. I understand the workers, I know their households, and we have had the ability to use-- via these last 3 years of dreadful financial turmoil, we have been visit site able to use virtually every construction employee in our area and the surrounding counties.

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citizens. They live in the area. Their family members are there. They are spent in the communities, and they are all united state workers. Legislator Grassley. You do not need to utilize e-verify, however I would love to recognize whether or not you do. Mr. Stenger. We do. Legislator Grassley. You do.


Thanks. Mr. North, along the same lines of the concern I asked him, has your study shown instances other-- and I only offered one instance, so I want to confess that and be responsible concerning it-- of facilities hiring undocumented individuals? Mr. North. That sort of information is very hard to acquire from USCIS, and I have to say that what we do understand around many of the internal features of that agency as much as this program is worried connects to cases in which the team has actually stated no to their website an application of some kind and after that the regional center or the private business owner has actually mosted likely to the Administrative Appeals Office-- which is component of the firm-- and there we obtain documents, we obtain a hearing police officer telling us what is going on in that specific situation.




This is a poor application." There is a quantity of bad applications out there, yet only once that process obtains before an administrative law court do we see a lot in the method of information. Currently, there was one situation that you pointed out, and let me simply clarify on that a little.

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Do not take too long since I wish to ask an additional pair questions. Go ahead and rapidly finish. Mr. North. The dairy farm had claimed 17 workers, and they entered it, and the court located that 16 of them were illegals. Currently, that is the one example I have, and it is a fine example.


Okay. I am going to ask separate concerns of each of the three of you, but it deals with this one issue. As I said in my opening declaration, I am worried concerning the potential loophole that enables capitalists to withdraw their financial index investment in regional centers after getting their permit.


Divine, are you knowledgeable about any instances in which a financier withdrew the financial investment and left promptly after receiving a permit? And if you are, or if you assume it is a trouble, do you assume that it is a loophole that should be shut? Mr. Divine. I would certainly say that the majority of the financiers, if you asked them what are their goals, they would certainly claim, "I wish to get an eco-friendly card, and I intend to keep it.


Mr. Divine. Allow me ask Mr. Stenger, is it typical for an investor in your experience to withdraw his or her financial investment immediately after obtaining an environment-friendly card? Mr.


Senator, no.