Sink says 'told ya so' on SBA proposal; McCollum counters
UPDATE: Here is McCollum's retort
CFO Alex Sink issued a legal opinion today that amounts to an "I told you so" to Attorney General Bill McCollum, who questioned the constitutionality of her proposal in September to expand the SBA that oversees Florida's $110-billion pension fund.
Sink's press office released the legal analysis from former Florida Supreme Court Justice Major Harding, who confirmed that her proposal to strengthen SBA oversight through a number of measures including expanding the trustees board can be done through legislation. During the September Cabinet meeting, McCollum had suggested such a change would require a constitutional amendment.
Harding disagrees, and Sink of course sent a letter to the Governor and McCollum with Justice Harding’s analysis. She also copied the members of the Investment Advisory Council, who she will speak to about her reforms on Thursday.
Here's the letter: Download Harding Letter 112409