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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 This material may not be published, broadcast, rewritten or redistributed.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 85 354 12,626
MORTGAGES 113 438 16,470
FORECLOSURE NOTICES 21 98 3,290
BUILDING PERMITS 358 918 27,694
BANKRUPTCIES 55 276 10,490
BUSINESS LICENSES 18 120 4,204
UTILITY CONNECTIONS 78 429 16,350
MARRIAGE LICENSES 26 125 3,691

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