2014-04-25T225735Z_1_CBREA3O1RS400_RTROPTP_2_USA

SEC probing New Jersey Governor Christie's transport funding: report

New Jersey Governor Christie speaks during the Republican Jewish Coalition Spring Leadership Meeting at the Venetian Resort in Las VegasNEW YORK (Reuters) – Federal securities regulators are probing whether New Jersey Governor Chris Christie’s administration improperly diverted funds from the Port Authority of New York and New Jersey for use on transport projects in New Jersey, the publication Main Justice reported on Friday. The Securities and Exchange Commission is looking into New Jersey’s use of up to $1.8 billion in tax-exempt bond financing from the Port Authority to fix a bridge and roadways feeding into the New Jersey side of the Holland Tunnel, Main Justice reported, citing unnamed sources. …

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