NMFA Board punts on what to do about Rick May

NMFA Board

Capitol Report New Mexico - For now, the New Mexico Finance Authority(NMFA) 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 (Sept. 10), the NMFA board put off deciding what to with Rick May, the CEO who’s currently on administrative leave with pay, until its next meeting on Sept. 28. May earns $150,000 a year and has been replaced on a interim basis by John Gasparich, who is also 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. Board chairwoman Nann Winter didn’t say much of anything to reporters after the meeting. “As long as it’s an ongoing personnel matter, you’ll just have to keep showing up as I do every day,” she said. The board met for nearly an hour and a half in a private, executive session closed to the public and the media in which members discussed whether to let go of May as well as former NMFA chief operations officers John Duff, who was arrested last month and is charged with taking part in the fake audit. Duff has been on leave without pay since the day he was arrested. Read More News New Mexico

NMFA Board punts on what to do about Rick May