AUGUSTA (AP) – Maine’s top Senate and House leaders say state Treasurer David Lemoine already has given details of his agency’s $20 million investment in Mainsail II commercial paper, which has been downgraded to junk status.
With those assets frozen, the state’s investment is in question, prompting Republicans to call for an investigation by legislative leaders. They also want Lemoine to answer questions by the Legislative Council, which includes House and Senate leaders from both parties.
On Wednesday, Senate President Beth Edmonds and House Speaker Glenn Cummings, both Democrats, said Lemoine already provided answers to the Appropriations Committee and will face more questions when the panel meets on Dec. 12.
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