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Fasano wants to separate SBA from being employed with its clients

Sen. Mike Fasano (R)
Sen. Mike Fasano (R)

By Regan McCarthy

http://stream.publicbroadcasting.net/production/mp3/wfsu/local-wfsu-997014.mp3

Tallahassee, FL – Republican Senator Mike Fasano has filed two bills that would require State Board of Administration officials to take a cooling off period before accepting jobs with companies the board has invested in. Regan McCarthy reports there's some precedent for the measure.

Senator Fasano's bill would require officials in the state's investment agency who have made investment decisions to wait three years before taking a job with one of the companies in which the agency has invested. The New Port Richey Senator says he wants to cut off any possibility of conflict of interest. And he says its nothing new for other agencies.

"We have public service commissioners that as you know are prohibited from going before the public service commission for so many years after they leave the public service commission."

Fasano says he wants to ensure that anyone directly involved in making decisions about investing the state's money doesn't use the agency as what he calls a "revolving door."