Karen Garcia, Democratic candidate for treasurer, releases ethics plan | Arkansas Blog

Monday, July 21, 2014

Karen Garcia, Democratic candidate for treasurer, releases ethics plan

Posted By on Mon, Jul 21, 2014 at 11:39 AM

ETHICS PLAN: Karen Garcia.
  • ETHICS PLAN: Karen Garcia.
The Democratic Party has a thoroughly qualified candidate for state treasurer in Karen Sealy Garcia, a member of the Hot Springs City Council and a former corporate accountant for Weyerhaeuser. She's  running against Dennis "What We Need is Another 9/11" Milliganthe cloak-and-dagger Krispy Kreme Republican operator.

But qualifications and a laughable opponent with a demonstrated penchant for political extortion are no guarantee of election in a state trending Republican.

So Garcia has offered a solid campaign recommendation — an ethics plan for an office sullied by her Democratic predecessor, Martha Shoffner, convicted for taking cash to guide state business to a bond daddy and facing more charges for personal receipt of campaign money.

Milligan's campaign responded that he'd opened his campaign with a no-gifts pledge and would offer other ethical ideas soon. Garcia's plan is worth a look:


“The last person elected to this office betrayed the public’s trust and left a financial mess. My administration will enforce a rigorous Code of Ethics for employees and all vendors to reform the office and restore the people’s trust,” said Garcia. “My plan prohibits employees, and the State Treasurer, from receiving any gifts from anyone doing business with the office, requires full transparency on all bids and has a code of ethics for any company wishing to do business with the state.”

Garcia’s 10-page Code of Ethics Plan is outlined into two main sections. One section covers the State Treasurer and all employees and the second section covers all companies or individuals who wish to do business with the Office of State Treasurer. The complete plan is available for viewing on Karen Sealy Garcia’s website at www.garciafortreasurer.com/issues.html

“I am a professional accountant, not a professional politician,” said Garcia. “During my years as an accountant for a Fortune 100 company I earned a reputation as a ‘no-nonsense’ accountant and that is exactly what we need in the Office of State Treasurer. I am a qualified, experienced professional who will clean up the mess left by the last person elected to this position.”

“Starting on day one as State Treasurer my Code of Ethics Plan will be implemented and enforced with no exceptions,” said Garcia.

Plan Summary

1) No Gifts – The State Treasurer and all employees are prohibited from accepting gifts, food or any form of entertainment from anyone or company that does business or hopes to do business with the office.

2) No Cronyism – The Treasurer’s Office will only hire experienced and competent financial managers.

3) Full Transparency – All transactions will be reported daily on the official website. The office will also report daily on every bid from every broker.

4) No Insider Dealing – Only brokers or companies that provide the best investment opportunities will be considered.

5) 5) No Special Favors– No special favors or considerations will be provided to anyone.

6) Legal Compliance – Only suppliers committed to obeying the law in conducting business will be allowed to deal with the Treasurer’s Office.

7) Ethics – Only suppliers demonstrating ethical behavior will be allowed to do business with the Treasurer’s Office.

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