By Rob Nikolewski, Capitol Report New Mexico
SANTA FE — For now, the New Mexico Finance Authority still has two chief executive officers — one who is working at the agency rocked by a fraudulent audit and another who isn’t. But both are getting paid.
On Monday, the NMFA board put off deciding until its next meeting on Sept. 28 what to do with Rick May, the CEO who’s currently on administrative leave with pay.
May earns $150,000 a year and has been replaced on a interim basis by John Gasparich, who also is drawing a paycheck at the agency where a bogus audit was filed earlier this year that led to two arrests, placed the state’s credit ratings in jeopardy and put a number of municipal bond projects on hold across the state.
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