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New Temporary SBA Head

December 11th, 2007 by flanews

Republican Bob Milligan is the new temporary executive director of the State Board of Administration.  Milligan was Florida’s last elected comptroller.  He steps in for Coleman Stipanovich, who resigned last week after hundreds of cities and towns pulled out billions of dollars from a local government investment fund.

“He’s a proven leader, has a lot of credibility,” said Chief Financial Officer Alex Sink.  “And perhaps more importantly, he is available to serve in this interim capacity.”

Milligan called a January 3rd meeting to hear concerns about the troubled Local Government Investment Pool.

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