New Mexico Finance Authority hires new CEO

New Mexico governmental finance agency hires Texas official as new CEO

Associated Press

SANTA FE, N.M. (AP) -- A financing agency for New Mexico governments has selected a Texas financial official as its top administrator.

The governing board of the New Mexico Finance Authority on Wednesday approved Robert Coalter as its CEO. Coalter has been executive director of the Texas Public Finance Authority since 2012, and worked for the Texas Comptroller of Public Accounts from 1991 to 2011.

Former state budget director John Gasparich has been interim CEO since last year when Rick May was fired after the discovery that a financial audit had been faked.

NMFA ex-controller Greg Campbell pleaded guilty to forgery and securities fraud.

The New Mexico authority uses bond proceeds to provide low-cost loans to cities, counties, schools and other governmental organizations for capital improvements.

Coalter's starting date and salary is to be negotiated.

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