Indiana Treasurer Richard Mourdock has resigned four months before the end of his term.
Mourdock announced his departure Friday, saying he wanted to pursue other professional interests. The two-term state treasurer was barred by state law from seeking a third term.
The tea party favorite defeated longtime Sen. Richard Lugar in the 2012 Senate primary but has often been a lightning rod for criticism.
Many questioned his decision to spend millions to challenge the Chrysler bankruptcy in 2009.
He drew fire in a Senate debate for saying a pregnancy that resulted from rape was "something God intended."
He also upset many of the GOP faithful again in June when he compared the handling of the national economy to the events leading up to Germany's 1936 elections under the Nazi regime.
From the Office of the Treasurer:
State Treasurer Richard Mourdock submitted a letter of resignation to Governor Mike Pence on Friday.
The treasurer’s resignation is effective at the close of business, August 29, 2014.
In the letter to the Governor, Treasurer Mourdock noted that he is leaving the office early -- his term would have expired at the end of the year -- to pursue other professional interests, particularly those relative to helping Americans save for retirement and for post-high school education.
In a meeting with the Treasurer’s Office staff to inform them of his resignation, Treasurer Mourdock noted the accomplishments of the past seven and one half years, specifically noting that:
All audits performed on the office and the quasi-governmental agencies under the treasurer were issued as “clean” and unconditional.
Despite historically low interest rates the states investments have done well, with Major Moves monies earning more than 5%.
Enrollment in college savings plans increased by 1200% and almost $3 billion is now being saving by Hoosiers for post high school education.
Indiana’s wireless 9-1-1 system remains one of the best in the world, and one of the few to have already adopted “text to 9-1-1”, receiving three times more emergency text messages than all the other states’ systems combined.
Public money is safer than ever due to the collateralization program implemented two years ago by the Indiana Board for Depositories.
More than 200 units of local government are now saving money in TrustINdiana, the state’s local government pool created during Mourdock’s tenure.
“But all of us know those are not solely my accomplishments but your accomplishments as well, and I’m proud to have been a part of all that was required to achieve so much,” Treasurer Mourdock told his staff.
Claytor Responds to Treasurer Richard Mourdock’s Resignation
The following statement was released by Mike Claytor, candidate for State Auditor:
“With the resignation of Richard Mourdock, Governor Pence will now have two handpicked officials to serve on the State Board of Finance with him. The State Board of Finance was designed to be three separately elected officials, not two people appointed by the Governor to serve along with the Governor. There is absolutely no independence on that board right now when they vote on how to spend your hard-earned taxpayer dollars.
This revolving door of statewide office holders is expensive to the taxpayers, when you consider the amount of paperwork and the Human Resources headache involved in such a high turnover rate.
I promise that if I am elected, I will serve out my entire term that the voters elect me to serve. I will serve as an independent vote on the State Board of Finance. I will balance the books and balance the power.”