Skirvin G. Johnson - Page 4




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               When petitioner discontinued his employment with the City of           
          Phoenix in May 1988, Cindy Lizarraga, an employee of the City of            
          Phoenix, was given the responsibility of servicing and                      
          maintaining the Phoenix loans.  Upon discovering that the files             
          for these two loans were incomplete, she took the necessary steps           
          to obtain copies of the missing documentation.  Ultimately, she             
          was unable to procure records that established whether the                  
          proceeds of the Phoenix loans were actually used for their                  
          intended purpose.                                                           
               In July 1988, petitioner went to work as the assistant                 
          director for business finance in the Economic Development                   
          Division of the City of Austin, Texas (Austin Economic                      
          Development Division).  In this capacity, he had the authority to           
          generate and service loans primarily funded by HUD.  On                     
          October 9, 1989, the Austin Economic Development Division issued            
          a check in the amount of $250,000 to fund a loan granted to                 
          Hilary Richard Wright Industries (HRW).  Petitioner managed the             
          HRW loan, and the loan proceeds were deposited into an account at           
          Bank of the Hills, the repository and loan servicing agent for              
          the HRW loan.                                                               
               On October 11, 1989, petitioner, in his official capacity              
          with the City of Austin, directed Bank of the Hills to issue a              
          cashier's check in the amount of $86,045.11 to Dunn's                       
          International Group (Dunn) to purchase woodworking equipment for            





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