Figure 5: Administrative Expenses as a Percent of Total Hardest Hit Fund Disbursements, by State, Cumulative through March 2012

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<a href="http://www.flickr.com/photos/usgao/7650146386/" title="Figure 5: Administrative Expenses as a Percent of Total Hardest Hit Fund Disbursements, by State, Cumulative through March 2012 by U.S. GAO, on Flickr"><img src="http://farm9.staticflickr.com/8005/7650146386_68b5beb937.jpg" width="500" height="217" alt="Figure 5: Administrative Expenses as a Percent of Total Hardest Hit Fund Disbursements, by State, Cumulative through March 2012"></a> <a href="http://www.flickr.com/photos/usgao/7650146386/" title="Figure 5: Administrative Expenses as a Percent of Total Hardest Hit Fund Disbursements, by State, Cumulative through March 2012 by U.S. GAO, on Flickr"><img src="http://farm9.staticflickr.com/8005/7650146386_68b5beb937_t.jpg" width="100" height="43" alt="Figure 5: Administrative Expenses as a Percent of Total Hardest Hit Fund Disbursements, by State, Cumulative through March 2012"></a> [url=http://www.flickr.com/photos/usgao/7650146386/][img]http://farm9.staticflickr.com/8005/7650146386_68b5beb937_t.jpg[/img][/url] [url=http://www.flickr.com/photos/usgao/7650146386/]Figure 5: Administrative Expenses as a Percent of Total Hardest Hit Fund Disbursements, by State, Cumulative through March 2012[/url] by [url=http://www.flickr.com/people/usgao/]U.S. GAO[/url], on Flickr <a href="http://www.flickr.com/photos/usgao/7650146386/" title="Figure 5: Administrative Expenses as a Percent of Total Hardest Hit Fund Disbursements, by State, Cumulative through March 2012 by U.S. GAO, on Flickr"><img src="http://farm9.staticflickr.com/8005/7650146386_68b5beb937_s.jpg" width="75" height="75" alt="Figure 5: Administrative Expenses as a Percent of Total Hardest Hit Fund Disbursements, by State, Cumulative through March 2012"></a> [url=http://www.flickr.com/photos/usgao/7650146386/][img]http://farm9.staticflickr.com/8005/7650146386_68b5beb937_s.jpg[/img][/url] [url=http://www.flickr.com/photos/usgao/7650146386/]Figure 5: Administrative Expenses as a Percent of Total Hardest Hit Fund Disbursements, by State, Cumulative through March 2012[/url] by [url=http://www.flickr.com/people/usgao/]U.S. GAO[/url], on Flickr <a href="http://www.flickr.com/photos/usgao/7650146386/" title="Figure 5: Administrative Expenses as a Percent of Total Hardest Hit Fund Disbursements, by State, Cumulative through March 2012 by U.S. GAO, on Flickr"><img src="http://farm9.staticflickr.com/8005/7650146386_68b5beb937_q.jpg" width="150" height="150" alt="Figure 5: Administrative Expenses as a Percent of Total Hardest Hit Fund Disbursements, by State, Cumulative through March 2012"></a> [url=http://www.flickr.com/photos/usgao/7650146386/][img]http://farm9.staticflickr.com/8005/7650146386_68b5beb937_q.jpg[/img][/url] [url=http://www.flickr.com/photos/usgao/7650146386/]Figure 5: Administrative Expenses as a Percent of Total Hardest Hit Fund Disbursements, by State, Cumulative through March 2012[/url] by [url=http://www.flickr.com/people/usgao/]U.S. GAO[/url], on Flickr <a href="http://www.flickr.com/photos/usgao/7650146386/" title="Figure 5: Administrative Expenses as a Percent of Total Hardest Hit Fund Disbursements, by State, Cumulative through March 2012 by U.S. GAO, on Flickr"><img src="http://farm9.staticflickr.com/8005/7650146386_68b5beb937_m.jpg" width="240" height="104" alt="Figure 5: Administrative Expenses as a Percent of Total Hardest Hit Fund Disbursements, by State, Cumulative through March 2012"></a> [url=http://www.flickr.com/photos/usgao/7650146386/][img]http://farm9.staticflickr.com/8005/7650146386_68b5beb937_m.jpg[/img][/url] [url=http://www.flickr.com/photos/usgao/7650146386/]Figure 5: Administrative Expenses as a Percent of Total Hardest Hit Fund Disbursements, by State, Cumulative through March 2012[/url] by [url=http://www.flickr.com/people/usgao/]U.S. GAO[/url], on Flickr <a href="http://www.flickr.com/photos/usgao/7650146386/" title="Figure 5: Administrative Expenses as a Percent of Total Hardest Hit Fund Disbursements, by State, Cumulative through March 2012 by U.S. GAO, on Flickr"><img src="http://farm9.staticflickr.com/8005/7650146386_68b5beb937_n.jpg" width="320" height="139" alt="Figure 5: Administrative Expenses as a Percent of Total Hardest Hit Fund Disbursements, by State, Cumulative through March 2012"></a> [url=http://www.flickr.com/photos/usgao/7650146386/][img]http://farm9.staticflickr.com/8005/7650146386_68b5beb937_n.jpg[/img][/url] [url=http://www.flickr.com/photos/usgao/7650146386/]Figure 5: Administrative Expenses as a Percent of Total Hardest Hit Fund Disbursements, by State, Cumulative through March 2012[/url] by [url=http://www.flickr.com/people/usgao/]U.S. GAO[/url], on Flickr <a href="http://www.flickr.com/photos/usgao/7650146386/" title="Figure 5: Administrative Expenses as a Percent of Total Hardest Hit Fund Disbursements, by State, Cumulative through March 2012 by U.S. GAO, on Flickr"><img src="http://farm9.staticflickr.com/8005/7650146386_68b5beb937.jpg" width="500" height="217" alt="Figure 5: Administrative Expenses as a Percent of Total Hardest Hit Fund Disbursements, by State, Cumulative through March 2012"></a> [url=http://www.flickr.com/photos/usgao/7650146386/][img]http://farm9.staticflickr.com/8005/7650146386_68b5beb937.jpg[/img][/url] [url=http://www.flickr.com/photos/usgao/7650146386/]Figure 5: Administrative Expenses as a Percent of Total Hardest Hit Fund Disbursements, by State, Cumulative through March 2012[/url] by [url=http://www.flickr.com/people/usgao/]U.S. GAO[/url], on Flickr <a href="http://www.flickr.com/photos/usgao/7650146386/" title="Figure 5: Administrative Expenses as a Percent of Total Hardest Hit Fund Disbursements, by State, Cumulative through March 2012 by U.S. GAO, on Flickr"><img src="http://farm9.staticflickr.com/8005/7650146386_68b5beb937_z.jpg" width="640" height="278" alt="Figure 5: Administrative Expenses as a Percent of Total Hardest Hit Fund Disbursements, by State, Cumulative through March 2012"></a> [url=http://www.flickr.com/photos/usgao/7650146386/][img]http://farm9.staticflickr.com/8005/7650146386_68b5beb937_z.jpg[/img][/url] [url=http://www.flickr.com/photos/usgao/7650146386/]Figure 5: Administrative Expenses as a Percent of Total Hardest Hit Fund Disbursements, by State, Cumulative through March 2012[/url] by [url=http://www.flickr.com/people/usgao/]U.S. GAO[/url], on Flickr <a href="http://www.flickr.com/photos/usgao/7650146386/" title="Figure 5: Administrative Expenses as a Percent of Total Hardest Hit Fund Disbursements, by State, Cumulative through March 2012 by U.S. GAO, on Flickr"><img src="http://farm9.staticflickr.com/8005/7650146386_68b5beb937_c.jpg" width="800" height="347" alt="Figure 5: Administrative Expenses as a Percent of Total Hardest Hit Fund Disbursements, by State, Cumulative through March 2012"></a> [url=http://www.flickr.com/photos/usgao/7650146386/][img]http://farm9.staticflickr.com/8005/7650146386_68b5beb937_c.jpg[/img][/url] [url=http://www.flickr.com/photos/usgao/7650146386/]Figure 5: Administrative Expenses as a Percent of Total Hardest Hit Fund Disbursements, by State, Cumulative through March 2012[/url] by [url=http://www.flickr.com/people/usgao/]U.S. GAO[/url], on Flickr <a href="http://www.flickr.com/photos/usgao/7650146386/" title="Figure 5: Administrative Expenses as a Percent of Total Hardest Hit Fund Disbursements, by State, Cumulative through March 2012 by U.S. GAO, on Flickr"><img src="http://farm9.staticflickr.com/8005/7650146386_68b5beb937_b.jpg" width="1024" height="444" alt="Figure 5: Administrative Expenses as a Percent of Total Hardest Hit Fund Disbursements, by State, Cumulative through March 2012"></a> [url=http://www.flickr.com/photos/usgao/7650146386/][img]http://farm9.staticflickr.com/8005/7650146386_68b5beb937_b.jpg[/img][/url] [url=http://www.flickr.com/photos/usgao/7650146386/]Figure 5: Administrative Expenses as a Percent of Total Hardest Hit Fund Disbursements, by State, Cumulative through March 2012[/url] by [url=http://www.flickr.com/people/usgao/]U.S. GAO[/url], on Flickr [url=http://www.flickr.com/photos/usgao/7650146386/][img]http://farm9.staticflickr.com/8005/7650146386_044ccf74fb_o.jpg[/img][/url] [url=http://www.flickr.com/photos/usgao/7650146386/]Figure 5: Administrative Expenses as a Percent of Total Hardest Hit Fund Disbursements, by State, Cumulative through March 2012[/url] by [url=http://www.flickr.com/people/usgao/]U.S. GAO[/url], on Flickr <a href="http://www.flickr.com/photos/usgao/7650146386/" title="Figure 5: Administrative Expenses as a Percent of Total Hardest Hit Fund Disbursements, by State, Cumulative through March 2012 by U.S. GAO, on Flickr"><img src="http://farm9.staticflickr.com/8005/7650146386_044ccf74fb_o.jpg" width="1127" height="489" alt="Figure 5: Administrative Expenses as a Percent of Total Hardest Hit Fund Disbursements, by State, Cumulative through March 2012"></a>

Photo license: United States Government Work