FBI Questioned NTTA Officials: Report

FBI investigated possible conflicts of interest in NTTA

Saturday, Oct 22, 2011  |  Updated 4:33 PM CDT
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FBI Questioned NTTA Officials: Report

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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 Fort Worth Star-Telegram reports 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.

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