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Wed April 11, 2012
King Campaign Debt Lingers For Personal Loans
SANTA FE, N.M. (AP) — Attorney General Gary King has made a small dent in retiring debts from his 2010 re-election campaign.
King's campaign reported Monday that it made loan repayments to King of $6,000 last month. The campaign still owes $242,000 for personal loans from King, a Democrat who is term limited and can't seek re-election to another four-year term.
King raised almost $53,000 in the past six months, but his campaign spent nearly $59,000. Almost $3 of every $5 spent went for fundraising fees.
King received $13,500 from four partners of a New York law firm that has represented New Mexico pension and investment agencies in securities lawsuits.
Ruidoso Downs horse track and casino owner R.D. Hubbard contributed $5,000.
King's campaign had cash-on-hand of about $800 as of last week.
Copyright 2012 The Associated Press.