Trustees of the troubled New Mexico Finance Authority voted last week to pay interim chief executive John Gasparich a monthly salary of $12,500 through March 2013.

Gasparich is receiving the same salary still being paid to CEO Rick May, who was placed on indefinite paid administrative leave last month over a bogus audit.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.