Posted: Jun 25, 2014 2:10 AM by David Porter
Source: Associated Press
NEWARK, N.J. - Gov. Chris Christie's administration is facing an investigation into how it paid for a $1 billion repair of a New Jersey bridge.
Two people said the investigation deals with whether funding for Pulaski Skyway repairs was misrepresented in bond documents by the Port Authority of New York and New Jersey.
A person familiar with the investigation but not authorized to discuss it publicly told The Associated Press that the Manhattan district attorney's office and the Securities and Exchange Commission are investigating whether the possible misrepresentations amount to securities law violations. The person spoke on the condition of anonymity.
And a government official with direct knowledge says that the district attorney's office is investigating.
The Port Authority says attorneys for both sides negotiated the agreement.
Spokespeople for Christie, the SEC and district attorney's office declined comment.