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From the staff of the Tampa Bay Times

Per Sink's request, Cabinet agrees to more SBA oversight

At the suggestion of CFO and likely Democratic gubernatorial candidate Alex Sink, the three Cabinet members who oversee the State Board of Administration have agreed to meet more often and at length to ensure that the SBA is operating wisely, openly and to the best interest of its investors.

Sink, Gov. Charlie Crist and Attorney General Bill McCollum will hold quarterly meetings with SBA officials, including the advisory council composed of their appointees.

"When we have more time set aside to really focus ... and have more of a dialogue, we can delve into how we operated in the past and how we operate going forward," Sink said.

Her suggestion to meet more often than just the bimonthly Cabinet meetings comes on the heels of a  recent St. Petersburg Times article detailing deception and misrepresentation by SBA officials to the retirees and local governments whose investments the SBA handles.

"I am disappointed that all the same people involved in these situations are still in senior
management with the SBA," Sink told SBA executive director Ash Williams this morning."That's something you ought to address with us in the future."


[Last modified: Thursday, September 9, 2010 6:00pm]


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