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Group fights settlement secrecy
Updated: Monday, 25 Jun 2012, 2:15 PM MDT
Published : Monday, 25 Jun 2012, 2:15 PM MDT
SANTA FE, N.M. (AP) - The New Mexico Foundation for Open Government is urging a state agency to prohibit confidentiality provisions that restrict public disclosure of settlements with investment firms, such as those under investigation in an alleged pay-to-play scheme.
The group made the request in a letter to Gov. Susana Martinez, who is chairman of the State Investment Council that oversees state permanent funds worth about $15 billion.
The council on Tuesday is consider proposed guidelines for settlements in its legal efforts to recover money for investments allegedly influenced by a pay-to-pay scheme during former Gov. Bill Richardson's administration.
The proposal says the council "strongly disfavors" settlements with confidentiality provisions. The foundation wants to stop confidentiality provisions because of a $250,000 settlement that wasn't made public for about a year.
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