Open government group unhappy with NM board policy
Posted at: 06/26/2012 2:08 PM
| Updated at: 06/26/2012 4:46 PM
By: BARRY MASSEY Associated Press
SANTA FE, N.M. (AP) - A state board has approved a policy requiring financial settlements with investment firms to be subject to New Mexico's public records law but there still could be some limits on disclosure.
The State Investment Council agreed to the policy Tuesday, but New Mexico Foundation for Open Government Executive Director Gwyneth Doland said it doesn't go far enough.
The policy says the council "strongly disfavors" confidentiality provisions in settlements. Dolan wanted the council to prohibit confidentiality provisions and restrictions on disclosure of a settlement.
Last year, the council received a $250,000 settlement but agreed not to voluntarily make a public announcement about it or issue a press release. The settlement was disclosed last month by the Albuquerque Journal after obtaining it under the Inspection of Public Records Act.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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