'BLACK FUNDS'-AND RED

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP75-00149R000100090004-1
• Release Decision: RIPPUB
• Original Classification: K
• Document Page Count: 1
• Document Creation Date: November 11, 2016
• Document Release Date: October 22, 1998
• Sequence Number: 4
• Publication Date: August 6, 1964
• Content Type: NSPR

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T1VO United States Senators openly need for secrecy on many projects but.
have complained to the Senate about proposed a "super-committee" to check
"black 'funds" in the Defense Depart- on the confidential items in the budget.
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These are hidden funds, appropria- Congress should set up a special House-
lions which are disguised. ' Senate committee to check on all the
President Johnson recently an- secret operations of the Government-
rounced the development of a new mili- "!black funds" and the operations of the
Lary plane, on which $1 billion had been intelligence agencies, such as the CIA.
spent. "Black" funds help get the Govern-
Sen. Allott of Colorado said this cane Tent in the red-and if there is no ye-
as a shock to him, even tho he is -a straint on this spending, even by the
member of the Appropriations Commit- members of Congress, there is no way
tee. Sen. ivlonroney of Oklahoma to know whether the money is properly
shared this attitude. .. spent or the intelligence operations
They both said it was "embarrass- properly run.
lug" to discover, after going over the Any agency operating in complete,
Defense Department budget item by secrecy is under easy temptation to ex-
item, that millions and even billions had cesses. This is not- our way of doing
been allocated for something they never .business. And this is public money.
heard of. At least Congress should know what is
Mr. Monroney said he recognized the happening to it.
Sanitized - Approved For Release : CIA-RDP75-00149ROQ0100090004-1