Sale of share in horse part of Beshears' latest financial disclosure form

jbrammer@herald-leader.comApril 18, 2014 

FRANKFORT — Gov. Steve Beshear and his wife, Jane Beshear, added another source of income last year through the sale of a horse.

The Beshears listed picking up at least $1,000 through a "River King syndication agreement" in Somerset, Va. It was listed in their latest financial disclosure form filed this week with the Executive Branch Ethics Commission.

Kerri Richardson, the governor's press secretary, said the Beshears owned a share of one of a daughter-in-law's event horses and received a "small capital gain" when Emily Beshear sold the horse. Emily Beshear, an equestrian, is married to the Beshears' veterinarian son, Jeff Beshear.

Other sources of gross income exceeding $1,000 that the Beshears listed on their 2013 disclosure form — other than his $135,970 annual salary — included retirement income from the Social Security Administration, a Schwab One investment account in Lexington, two Hilliard Lyons investment accounts in Hopkinsville, and income from Hourglass Farm in Lexington.

The disclosure form does not list exactly how much each source of income generated.

Executive branch officials are required by law to file a form with the commission each year by April 15, detailing their families' financial information. They also must disclose non-family gifts worth more than $200.

The Beshears reported owning at least an interest with a fair market value of at least $10,000, or 5 percent of the business in Hourglass Farm and River King and Deep Purple Eventing syndication agreements in Somerset, Va.

They identified three creditors to whom they owe more than $10,000: Farm Credit Services of Mid America in Louisville, Schwab One Account in Lexington and Hilliard Lyons Account in Hopkinsville. That was unchanged from last year.

Steve Beshear listed three gifts worth more than $200: University of Kentucky men's football and basketball season tickets, and Southeastern Conference Tournament tickets; an honorary membership in Frankfort Country Club; and golf accessories and participants' gifts from the Greenbrier Classic Golf Tournament at the West Virginia resort.

James Justice II owns The Greenbrier. He has large coal and farm holdings in Kentucky and West Virginia, and his family has contributed to Beshear's political committees.

Here are highlights from the 2013 financial disclosure forms of other state constitutional officers, each of whom makes $115,594 a year:

Lt. Gov. Jerry Abramson: Abramson and his wife, Madeline Abramson, reported gross income exceeding $1,000 from UBS Investment Accounts in Louisville and owning their home in Louisville. Abramson owes more than $10,000 to Republic Bank in Louisville for a mortgage. He reported receiving no gifts last year worth more than $200 from outside his family.

Attorney General Jack Conway: Conway and his wife, Elizabeth Conway, reported having a trustee position in Conway Insurance Trust and Conway Irrevocable Family Trust, and a partnership in BCRS Partners, a real-estate development company in Louisville.

They reported owning an interest of at least $10,000 or 5 percent in Kinder Morgan Energy; IRA funds; American Funds Group; mutual funds in a 401(k), Fidelity Growth Co.; interest in racehorses Stately Victor, now retired, Morgan's Guerilla and Duke of Waymore; and minority shares in broodmares Fiumi and Anna Katherine.

The couple listed real property of at least $10,000 for their Louisville home, property near Nolin Lake in Leitchfield, undeveloped lots through BCRS Partners at Preston Crossings in Louisville, and Shorewood condos in Hilton Head Island, S.C.

Treasurer Todd Hollenbach: Hollenbach and his wife, Rosemarie Baylon Hollenbach, disclosed membership in Hollenbach Group LLC, Pinnacle Partners LLC and Blankenbaker Partner I LLC.

They reported ownership of at least $10,000 or 5 percent of the three memberships, plus various securities at T.D. Ameritrade.

They own a home in Louisville and owe more than $10,000 to T.D. Ameritrade and Scottrade.

Auditor Adam Edelen: Edelen and his wife, Melissa Edelen, reported income exceeding $1,000 from dividends from Dendreon Bio-Tech stocks in Seattle, Wash., and a Fidelity account. They also listed property in Lexington and Paris.

Creditors listed were Traditional Bank in Mount Sterling; Community Trust Bank in Pikeville; and First State Bank in Barboursville, W.Va.

Secretary of State Alison Lundergan Grimes: Grimes and her husband, Andrew Grimes, reported outside income from two Lexington businesses — Glenncase LLC and Newman Holdings LLC — and one in Vail, Colo., 18 Ptarmigan.

They listed ownership of three properties in Lexington and a townhouse in Vail. Creditors listed were Fifth Third Bank in Lexington and U.S. Bank in Oshkosh, Wis.

For money or gifts received worth more than $200, they listed the National Association of Secretaries of State in Washington, D.C.; Taipei Economic and Cultural Representative Office in Atlanta, Ga.; and a secretary of state delegation economic development trip to Taiwan in April 2013 sponsored by the national association and the Taipei office.

Agriculture Commissioner James Comer: Comer and his wife, Tamara Jo Comer, own an interest of $10,000 or more in James Comer Farms and Comer Land and Cattle Co. in Tompkinsville.

Another source of income for them is from bank deposits. The couple also owns property in Red Boiling Springs, Tenn., and Frankfort. They listed two creditors: Farm Credit Services in Glasgow and South Central Bank in Tompkinsville.

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