Beebe is vetting treasurer choice
Gov. Mike Beebe decided Thursday whom he wants to appoint as state treasurer, but he won’t announce his decision until next week, his spokesman said.
Also, state cuts off trade with it
Broker Steele Stephens, from whom the state treasurer’s office purchased $1.69 billion in bonds during the past several years, resigned Tuesday night from his job with St. Bernard Financial Services, the firm’s chief said Wednesday.
Awaiting a federal grand jury indictment and facing calls for her resignation or ouster, state Treasurer Martha Shoffner stepped down Tuesday, effective at 5 p.m.
State Treasurer Martha Ann Shoffner made her first appearance in federal court Monday in Little Rock, two days after an FBI informant secretly recorded her taking $6,000 cash hidden in a pie box in return for the lucrative state business she directed his way, a criminal complaint says.
Gov. Mike Beebe said he’s not taking sides in the Democratic gubernatorial primary, although one of his staff members is working part time as a fundraising consultant for gubernatorial candidate and former U.S. Rep. Mike Ross.
The Arkansas General Assembly quietly ended its 101-day regular session Friday without attempting to override Gov. Mike Beebe’s vetoes of three election bills sponsored by an outspoken Republican critic of Beebe.
Speaker won’t try for governorship
House Speaker Davy Carter, R-Cabot, said Friday that he won’t seek the Republican gubernatorial nomination in 2014 and that he’s accepted a job as executive vice president of Home BancShares in Conway.
Two four-year colleges are joining six other schools in providing special onetime scholarships this fall to freshman recipients of the Academic Challenge Scholarship, a few months after the Legislature cut the size of those students’ scholarships from $4,500 to $2,000.
Chicago investment adviser puts 12-month returns at 11.31%
A robust stock market helped boost the value of the Arkansas Public Employees Retirement System’s investments in the past quarter as they increased by $358 million to $6.652 billion, investment consultants told the system’s trustees Wednesday.
Campus says it owns trademark
Arkansas State University is warning Democratic gubernatorial candidate Bill Halter that it owns the trademark to the “Arkansas Promise Scholarship” and is threatening to “take steps to protect the mark” if Halter continues to use the “Arkansas Promise” term.