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VOL. 127 | NO. 184 | Thursday, September 20, 2012

AP Interview: Arkansas Treasurer Wants to Fix Problems

ANDREW DeMILLO | Associated Press

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LITTLE ROCK, Ark. (AP) – Treasurer Martha Shoffner says she wants to correct problems identified by legislative auditors who questioned her office's investment practices, and says she won't step down over the findings.

Shoffner told The Associated Press on Wednesday she wasn't intentionally trying to evade questions when she didn't appear before a legislative panel last week to discuss the audit. Shoffner testified before the Legislative Joint Auditing Committee on Monday after lawmakers subpoenaed her.

The audit said Shoffer's office last year sold 11 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. The chief investment officer for Shoffner's office told lawmakers Monday she advised the treasurer against selling the bonds early.

Copyright 2012 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 This material may not be published, broadcast, rewritten or redistributed.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 66 378 15,444
MORTGAGES 67 456 20,235
FORECLOSURE NOTICES 6 115 4,001
BUILDING PERMITS 175 1,046 36,888
BANKRUPTCIES 58 290 14,633
BUSINESS LICENSES 16 80 5,209
UTILITY CONNECTIONS 76 388 22,205
MARRIAGE LICENSES 28 111 4,774

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