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FBI Has Questions Over Possible NTTA Board Conflict

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FORT WORTH (AP) – The North Texas Tollway Authority has disclosed to potential investors that the FBI has questioned several of its officials over possible conflicts of interest by past and present board members.

The disclosure was made in a preliminary bond offering statement. It stressed the authority had “no reason to believe” it was under investigation. The announcement came on the eve of a $674 million bond offering Nov. 2 to help fund the Chisholm Trail Parkway.

The authority said it was fully cooperating with the FBI. The statement did not indicate who was under scrutiny or what sort of possible conflicts of interest were being scrutinized.

Chief Financial Officer Janice Davis says she believes the inquiry will have little or no impact on the bond sale.

(Copyright 2011 by The Associated Press.  All Rights Reserved.)

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