.....Advertisement.....
.....Advertisement.....

Anti-corruption measure: House bill tightens lid on cookie jar

-A A +A

SUSAN MONTOYA BRYAN,Associated Press Writer

By Susan M. Bryan

 

SANTA FE, N.M. (AP) — A proposal to revamp the State Investment Council and reduce the governor's influence over the board that oversees $12 billion in endowment funds was unanimously approved by the House on Sunday.

The governor serves as the Investment Council's chairman and can control the nine-member board through his appointment power. The bill would expand the council's membership to 11 but reduce the governor's public appointments from three to two members.

The bill also allows legislative leaders to name four appointees, no more than two of whom can be members of the same political party.

The council would appoint the state investment officer rather than the governor, and appointed council members would be prohibited from having had any contracts with state investment entities two years prior to their appointment and two years after their term ended.

House Speaker Ben Lujan, D-Santa Fe, said the measure approved by the House is "much stronger" than a proposal that was vetoed by Gov. Bill Richardson after last year's legislative session.


If you subscribe to the newspaper, you receive FREE access to all the exclusive content of the web site! Simply register to receive uninterrupted access to our award-winning and in-depth local online content!

Renew Current or Past Subscription / Register for Online Subscription

If you currently subscribe or have subscribed in the past to the Los Alamos Monitor, then simply find your account number on your mailing label and enter it below.

Click the question mark below to see where your account ID appears on your mailing label.

Newspaper Acct. ID:
info
Street Address:
(exactly as it appears on the label)

If you are a subscriber and you do not know your account ID or don't have a copy of your newspaper available that shows the information on the address label you can click continue below to search for your account.

New Subscription/30 Day Free Trial Account

If you are new to the award winning Los Alamos Monitor and wish to get a subscription or simply gain access to our online content then please enter your ZIP code below and continue to setup your account.

ZIP Code:



Create a limited access account.
Register to participate in community forums, post on the community calendar, blog etc. This registration does not give you full access to read our award winning content, etc.

The Los Alamos Monitor | lacirculation@lamonitor.com | 505-662-4185
256 DP Road, Los Alamos, NM 87544
Office Hours are 8:00 a.m. to 5:00 p.m., Monday through Friday