NMFA spending in question

Posted at: 11/29/2012 7:26 PM
By: Chris Ramirez, KOB Eyewitness News 4

According to a KOB 4 On Your Side investigation, top officials at the New Mexico Finance authority spent thousands of dollars on expensive restaurants, high end hotels, and luxury items while Rick May was the Chief Executive Officer.

Credit card statements and receipts obtained through an Inspection of Public Records Act request show NMFA corporate credit card holders spent nearly $15,000 on expensive restaurants such as Rio Chama Steakhouse, Cowgirl BBQ, and Jinja.

There were also several transactions at Starbucks around New Mexico. Credit card statements showed stays at luxurious hotels such as the Crowne Plaza Times Hotel in New York City, the Hard Rock Hotel in Albuquerque, and the Inn and Spa and Loretto in Santa Fe.

The reports also showed a $412 transaction at Nambe, two transactions at Putt-Putt Golf, a transaction at the Sandia Casino Golf Course.

“I want to be responsive,” Rick May said when 4OYS reporter Chris Ramirez confronted him at the Capitol. “I don't know what charges you are talking about, please be fair to me. I don't know what you are referring to. My credit card was used for travel for other staff people who went on conferences and those kind of things. I did not go on any travel as CEO except one trip to Dallas."

May argued KOB Eyewitness News 4 did not provide with adequate time to review the documents in advance.

"If we provide you the same documents that we have, can I sit down at a future date and go through some of these transactions," Ramirez asked.

"I would be glad to. I have nothing to hide. I want to be responsive. My career has been based upon integrity and transparency and I would be glad to do that," May responded.

Ramirez will mail the documents to May Nov. 29 and await a response.