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VOL. 126 | NO. 36 | Tuesday, February 22, 2011

Cabinet Members Disclose Potential Conflicts

AP

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NASHVILLE, Tenn. (AP) — Two new cabinet officials have investments that could cause conflicts with their duties to the state.

A review of disclosure statements by The Tennessean found Department of General Services head Steve Cates holds stakes in utilities; an equipment leasing firm; and one of the world's largest makers of air conditioners, elevators and fire and security systems.

Richard Roberts, who will lead the Department of Revenue, holds investments in many companies that operate in Tennessee including banks, energy companies, insurers and an airline.

Although the officials have to disclose the sources of their income, they do not have to disclose how much they earn. That's because of a policy change by Gov. Bill Haslam first reported by The Associated Press.

Both men said through spokeswomen that they will act with integrity.

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Information from: The Tennessean, http://www.tennessean.com

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 65 366 17,721
MORTGAGES 70 417 23,068
FORECLOSURE NOTICES 15 91 4,519
BUILDING PERMITS 210 932 42,157
BANKRUPTCIES 62 299 16,691
BUSINESS LICENSES 19 80 5,781
UTILITY CONNECTIONS 49 305 25,174
MARRIAGE LICENSES 16 96 5,381

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