State treasurer's office says she'll attend meeting
Posted: September 17, 2012 at 7:10 a.m.
LITTLE ROCK — Arkansas lawmakers are planning to hold another hearing to discuss an audit questioning the state treasurer’s investment practices.
State Treasurer Martha Shoffner’s office says she’ll meet with the Legislative Joint Auditing Committee on Monday afternoon.
Shoffner didn’t show up to a Friday hearing on the audit, even though lawmakers issued a subpoena for her to appear.
Legislators planned to issue another subpoena to compel her to testify before the panel’s Monday meeting. Shoffner’s office said she missed Friday’s meeting because of a scheduling conflict.
An audit found that Shoffner’s office sold bonds from its investment portfolio before they had matured and purchased similar bonds from the same brokers, resulting in a net loss of more than $58,000.
READ MORE
Arkansas Treasurer Martha Shoffner attends the opening of the fiscal Legislative Session in the House chamber at the Arkansas...
(Advertisement)
« Previous Story
Crowds storm U.S. Consulate in Pakistan
Hundreds of Pakistanis protesting an anti-Islam film broke through a barricade near the U.S. Consulate in the ... Read »
Next Story »
Robbery arrest made in Rogers
Police arrested a man Sunday evening after a pharmacist reported that he demanded Oxycontin and indicated he had a gun, according to a news release from the Rogers Police D... Read »
Comments
To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Please read our comment policy.
Use the comment form below to begin a discussion about this content.
Registration is required to make comments. Click here to LOGIN.
You can register for FREE to post comments and receive alerts.