Westlands Water District Executive’s Home Loan Deal Under Fire

FRESNO, Calif. (KMJ) — Westlands Water District, which was penalized by federal regulators earlier this year, gave one of its executives a $1.4 million home loan.

Records obtained by the AP show Jason Peltier was given the loan in 2007, with the interest rate now less than 1 percent.

Peltier, who has until 2021 to pay the loan off, claims the loan was permissible under the public agency’s rules.

However, questions are being raised, about whether Westlands disclosed it to the public.

Westlands was penalized for misleading investors, regarding what its general manager called “a little Enron accounting.”

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