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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New Mexico is located in the southwestern region of the U.S. Inhabited by Native American populations for many centuries, New Mexico has also been part of Imperial Spain, part of Mexico, and a U.S. territory.