# Joshua Dunlap Arkansas citizen FOIA requester. Email [email protected]. Address 920 W 41st Street North, Little Rock, Arkansas 72118. Dunlap submitted the 7/1/2025 1:36 PM FOIA request to APERS General Counsel Laura Gilson that triggered the production of `IB_FOIA_JUL_25_Reviewed.pdf` itself — the source document this wiki is reading. The request was a five-category structured FOIA covering: (1) all internal/external correspondence among APERS Board Trustees, executive staff, and investment officers regarding Israel sovereign bonds; (2) Investment Committee & Board Records (agendas, minutes, presentation materials); (3) Analytical & Due Diligence Documents (reports, memoranda, due diligence analyses, risk assessments, financial projections); (4) External Communications with the Auditor's office (Milligan, Brady), DCI/Israel Bonds (Berman, Young), and Aon Hewitt Investment Consulting; (5) Governing Policies (current Investment Policy Statement plus all ESG/SRI policies). Timeframe: October 1, 2024 to date of processing. Gilson forwarded to APERS IT Director Phillip Norton 7/1/2025 1:56 PM. Norton coordinated with Fecher, Borromeo, and Gilson on 7/2/2025 to assemble the response by combining the prior PST search (originally produced for Wickline 6/2-6/3/2025) with Borromeo's hand-pulled additions. The resulting JUL 25 PDF is the production responsive to Dunlap's request. The Dunlap FOIA appears in the wiki as the requester whose request produced the JUL 25 source document this wiki ingested. The five-category structured request — particularly the explicit category 3 demand for "any and all reports, memoranda, due diligence analyses, risk assessments, or financial projections prepared by or for APERS staff or third-party consultants concerning this potential investment" — directly tested the [[independent-credit-analysis-gap]] and [[callan-analysis-asymmetry]] findings. The production response (no Callan Israel Bonds analysis, no Stephens written analysis, no third-party due diligence) confirms the analytical-attention asymmetry the request was designed to surface. ## Evidence > "Dear APERS Public Information Officer, Pursuant to the Arkansas Freedom of Information Act (Ark. Code Ann. § 25-19-101 et seq.), I am writing to request access to and copies of public records related to the promotion of, investment in, or communications concerning bonds issued by the State of Israel (commonly known as 'Israel Bonds')." > Joshua Dunlap to Laura Gilson, IB_FOIA_JUL_25_Reviewed.pdf p.3, 7/1/2025 1:36 PM > "3. Analytical & Due Diligence Documents: Any and all reports, memoranda, due diligence analyses, risk assessments, or financial projections prepared by or for APERS staff or third-party consultants concerning this potential investment." > Joshua Dunlap to Laura Gilson, IB_FOIA_JUL_25_Reviewed.pdf p.3, 7/1/2025 > "Joshua Dunlap 920 W 41st Street North Little Rock, Arkansas 72118" > Dunlap signature, IB_FOIA_JUL_25_Reviewed.pdf p.4 ## Cross-References [[laura-gilson]] APERS General Counsel who received the request [[phillip-norton]] APERS IT Director who assembled the response [[apers-foia-r1-7-7-25]] source page (the production responsive to this request) [[independent-credit-analysis-gap]] [[callan-analysis-asymmetry]] concept pages whose findings the request was designed to test ## Parallel 7/2/2025 Treasury FOIA filing Dunlap also filed a 7/2/2025 FOIA request to the Arkansas Treasurer's office, parallel to his 7/1/2025 APERS request. The Treasury R1 (7-7-25) production filename "Dunlap FOIA 7.,2.25.pdf" preserves the filing date in the filename, paralleling APERS's "JUL 25" naming convention but more explicit. The Treasury production is 131 pages of Outlook PST-style email exports concentrated on the operational record of the Walther-era November 2023 $10M wire troubleshooting, the October 2024 Israel Prayer Ceremony coordination, the December 2024 maturity-redemption cycle, the Walther-Thurston transition, and the April-May 2025 Thurston $20M purchase order placement. The 7/2/2025 Treasury FOIA and the 7/1/2025 APERS FOIA together produced the wiki's first cross-agency same-week FOIA campaign documentation: Dunlap requested the same general category of Israel Bonds records simultaneously at APERS (a pension system administering the IFSC authorization) and Treasury (the agency that completed the Capitol-tour $20M purchase). The combined productions establish the wiki's documentary record of the May 2025 transaction at both the institutional-purchaser side and the institutional-customer side. [[treasury-foia-r1-7-7-25]] source page (the Treasury production responsive to the 7/2 request) [[olan-reeves]] Interim General Counsel at Treasury who handled prior FOIA correspondence in 2024; whether Reeves remained in role to handle the Dunlap 7/2/2025 request is not documented in this batch ## Auditor R3 3-3-26 production: the 6/22/2025 Auditor's-office FOIA submission The Auditor R3 production at [[auditor-foia-r3-3-3-26]] is the response to Dunlap's 6/22/2025 12:56 PM FOIA submission to [email protected]. The wiki captures its own provenance. Sunday 6/22/2025 12:56 PM submission, [email protected] to [email protected]; cc [email protected], Jason Brady, Wendy Spadoni. Subject: *"Freedom of Information Act Request: Records Pertaining to Israel Bonds"*. Five categories of records requested across timeframe October 1, 2024 onward: 1. **Originating Communications** — initial and subsequent communications from DCI (including Berman and Young) that initiated the request for Milligan to arrange meetings with state pension systems in October 2024 2. **External Correspondence** — all correspondence between Auditor's-office officials (including Milligan, Brady, Spadoni) and DCI / SFOF / Aon Hewitt / Scout Investments / Reams Asset Management regarding Israel Bonds or anti-ESG investment principles 3. **Internal Strategy** — all internal correspondence, memoranda, and meeting notes within the Auditor's Office discussing the strategy, planning, or objectives for promoting Israel Bonds to ATRS and APERS 4. **Inter-Governmental Correspondence** — all correspondence with named state officials (Mark White, Rod Graves, Amy Fecher, John Thurston, Bart Hester, Brian Evans, Les Warren, Jim Hudson) 5. **Meeting Records** — all calendar entries, meeting invitations, agendas, materials, and notes for the April 14-15, 2025 Capitol tour meetings with Berman The Auditor's office took 8.5 months (6/22/2025 → 3/3/2026) to produce the responsive records — the longest agency turnaround in the wiki for any FOIA. The production scope is approximately 248 files / 170 MB across three custodians (Brady, Milligan, Spadoni); approximately 75 percent of file count is DCI promotional correspondence matching existing pipeline templates and approximately 25-30 emails are substantive. **Triage timeline.** Spadoni forwarded the FOIA to TJ Fowler at 1:49 PM the same Sunday (53 minutes after receipt). TJ Fowler was on leave the week of 6/16-20 and replied 6/23 (the following Monday) — the operational response had already begun in his absence via Stacy Peterson and Kurt Underwood. **The Dunlap-to-Auditor's-office submission complements the prior Dunlap APERS FOIA (7/1/2025) and Treasury FOIA (7/2/2025) at [[apers-foia-r1-7-7-25]] and [[treasury-foia-r1-7-7-25]] respectively.** All three FOIAs triggered separate productions; the wiki captures all three. The Auditor's-office submission came 9 days BEFORE the APERS and Treasury submissions, establishing the Auditor's office as Dunlap's first-target agency for Israel Bonds records.