New Mexico governor wants politicians off investment council | KOB 4
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New Mexico governor wants politicians off investment council

New Mexico governor wants politicians off investment council

The Associated Press
September 26, 2017 01:31 PM

SANTA FE, N.M. (AP) - New Mexico Gov. Susana Martinez says she supports removing elected officials - including the state governor - from a council overseeing the investment of $21 billion in state funds amid concerns about political donations from investment firms hired by the state.

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Martinez announced her support Tuesday for changes to the composition of the New Mexico State Investment Council that would remove any appearance of impropriety when it comes to campaign or political donations from private firms that are paid to invest state money.

Martinez previously vetoed a bill that would have removed her from the investment council while keeping two other elected officials in place - the state treasurer and land commissioner.

The 11-member council oversees an endowment derived from oil and natural gas production that supplements the state budget.

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The Associated Press

Copyright 2017 The Associated Press. All rights reserved.

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