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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 This material may not be published, broadcast, rewritten or redistributed.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 66 180 11,618
MORTGAGES 81 223 15,202
FORECLOSURE NOTICES 21 68 2,979
BUILDING PERMITS 0 392 27,646
BANKRUPTCIES 90 218 11,180
BUSINESS LICENSES 26 63 4,101
UTILITY CONNECTIONS 99 422 16,906
MARRIAGE LICENSES 19 62 3,526

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