The Iowa Supreme Court recently ruled unanimously in favor of a request by the Iowa Auditor’s Office for a list of investors who made an agreement to pay off the state’s debt.

Auditor Rob Sand says the “debt deal” that was made involved investors who agreed to pay off the state’s billions of dollars of debt over the next 50 years. Sand points out that his office requested a list of the investors involved and was denied. He says his office sent a subpoena for the list, which was also denied, and finally went to court.

Sand explains that they wanted the list to verify there were no conflicts of interest.

“This was a transaction that was moved pretty quickly, by folks who knew about it, and the fact that they were able to get 20-percent of their investors from Iowa, makes people to pay attention and wonder, whether those folks were a part of the process of approving the deal. We’ve got to check on that and a few other things.”

Sand adds they were approved to get the list after the deal was finalized, but he will continue to look into the agreement after the fact.