RALEIGH, N.C. --The North Carolina Rural Economic Development Center's board has decided not to give a special $242,000 severance to its founding president.
The board voted Thursday against giving the payment to Billy Ray Hall, who resigned over the summer.
The group was designed to help rural communities but its state funding was cut off after a critical audit.
State Auditor Beth Wood's office said in July that Hall's $221,000 salary was unreasonable and the center neither adequately monitored state funds received nor verified job-creation claims. Most center funds are now in state hands.
Acting board Chairman Bill Gibson says the severance decision came after about an hour of discussion. Some legislative leaders called the severance a golden parachute.
Hall's attorney declined comment because he hadn't received notice of the board's decision.