Lobbyist Who Loaned Money To Black Will Resign

A North Carolina lobbyist who became embroiled in the finance scandals of former House Speaker Jim Black plans to quit.

Officials in the Secretary of State's office say Don Beason sent a brief e-mail saying that he plans to file paperwork to relinquish his lobbying accounts.

A spokeswoman for the office said today that Beason's paperwork hasn't arrived yet.

Black testified at his sentencing in state court last month that Beason loaned him $500,000 in June 2000 to upgrade a building Black owned.

The money briefly showed up in Black's campaign account but eventually was returned to Beason.

Beason, who has not been charged with a crime, later called the transaction "a serious error in judgment" and apologized.