DALLAS – Arkansas Treasurer Martha Shoffner told a legislative panel Monday she did not know the reasons behind premature bond sales from the state’s investment portfolio that resulted in a net economic loss of almost $900,000 over the past two years.

The report from the Division of Legislative Audit said the state lost $58,173 in 12 bond transactions with a par value of $240 million with sales by the treasurer’s office between July 1, 2011 and May 17, 2012.

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