Scrutinize treasury, panel says

Bond sales loss put at $434,000

Posted: December 15, 2012 at 3:17 a.m.

State Treasurer Martha Shoffner responds to legislators’ questions Friday during a meeting of the Legislative Joint Auditing Committee in Little Rock. Committee members quizzed her about a lack of documentation regarding the sale of bonds before maturity that auditors say cost the state more than $400,000.

A legislative committee decided Friday to ask law enforcement agencies to review the state treasurer’s office decisions that auditors say cost the state about $434,000 because some bonds were sold before they had matured.

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Front Section, Pages 1 on 12/15/2012