NC state senator to resign, take position as secretary of revenue

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September 30, 2010

State Senator David Hoyle announced he would accept the offer of Secretary of Revenue

RALEIGH, North Carolina: Gov. Beverly Perdue's office announced yesterday that she accepted the resignation of Secretary of Revenue Kenneth Lay, and asked state senator David W. Hoyle to take his place. Hoyle, who long served as co-chair of the Senate Finance Committee, accepted the offer, stating he would resign his seat the day before assuming the new job. After 18 years in the Senate, Hoyle wadid not run for re-election in November.

Lay's resignation is effective October 22. He took the position in January 2009, formerly serving as a Bank of America executive. Lay has been under fire recently after it came to light that a new department policy was making it difficult for citizens who had overpaid their taxes by mistake to get refunds. The policy change had department officials telling workers not to review returns which had been flagged for a refund if they were over 3 years old, resulting in potentially millions of dollars in withheld funds.[1]

Hoyle will have to go though an ethics review before his appointment is approved.

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