A STATE LAWMAKER THINKS COUNTY TREASURERS SHOULD HAVE SOME LEVEL OF EXPERTISE IN THE INVESTMENT FIELD…SOMETHING THAT CURRENTLY ISN'T REQUIRED. SENATOR JACOB CANDELARIA OF ALBUQUERQUE IS PROPOSING A CONSTITUTIONAL AMENDMENT THAT WOULD REQUIRE CONTINUING EDUCATION FOR ANYONE WANTING TO BE A COUNTY TREASURER. HE SAYS COUNTY TREASURERS ARE INVESTING HUNDREDS OF MILLIONS OF DOLLARS IN COUNTY MONEY.
CANDELARIA'S PROPOSAL COMES AS BERNALILLO COUNTY TREASURER MANNY ORTIZ FACES A RECALL PETITION FOR ALLEGED BAD INVESTMENTS THAT LEFT THE COUNTY WITH MILLIONS OF DOLLARS IN LOSSES.
