Federal Rebuke Shows Up Months Later On Idaho Agency Website

Nov 29, 2016

Credit Frankie Barnhill / Boise State Public Radio

The Idaho treasurer's office didn't make public for about three and a half months information about a Securities and Exchange Commission violation involving a state agency.

The Spokesman-Review reports in a story on Tuesday that the state Credit Rating Enhancement Committee's annual report in July detailed the SEC action involving self-reported violations by the Idaho Housing and Finance Association.

That report cited a settlement offer with the SEC that included the serious step of a cease-and-desist order, but it wasn't made public on the state treasurer's website until Nov. 15.

Committee secretary Jace Perry says it was an oversight corrected following a budget analyst's inquiry.

The committee advises the governor and Legislature on actions affecting Idaho's credit rating. The newspaper reports that the committee hasn't met in six years.