# Karen Grice Cash Management Division staffer at the Arkansas State Treasury during the Milligan tenure. Email signature: > Karen Grice > Cash Management Division, Treasurer of State > 1401 W. Capitol, Suite 275 > Little Rock, AR 72201 > Ph. 501-682-5826 > Fx. 501-682-9692 > [email protected] ## Documented Israel Bonds-related role Grice executed the January 2020 $20M Israel Bonds wire on Celeste Gladden's instructions. Gladden's 1/14/2020 11:35 AM email to Grice (cc Martin Kelly, Damon Dortch, Jason Brady): > Karen, We are settling on 3 new Israel Bonds tomorrow. They are being overnighted to BAML today and should be received by BAML before the wire is initiated. The total wire should be $20,000,000.00. I am sending a letter to Mirza at BAML now for permission to receive the bonds and will copy you on the communication. Please let us know if you have questions. Grice's same-day response 12:08 PM: "I will handle it and advise when it has been wired." The wire settled on January 15, 2020 for the $20M three-CUSIP institutional purchase (per Sub-batch 2 documentation). Grice's role places her as the Treasury Cash Management Division wire-execution operator during the Milligan era. Her phone number is the Treasurer's office Cash Management line, distinct from Gladden's Investment Manager line (501-682-1419). Grice's role is operationally analogous to subsequent wire-execution coordination handled by Kathie Williams in the Thurston era (per Gladden's 4/29/2025 wire-coordination email on the $20M Thurston purchase). The Treasury maintains a Cash Management Division wire-execution role across tenures; Grice (Milligan era) and Williams (Thurston era) are the documented holders of that operational responsibility for Israel Bonds wires. ## Cross-references [[treasury-foia-r2-9-23-25]] source page [[celeste-gladden]] Investment Manager who directed Grice to execute the January 2020 wire [[state-treasurer-israel-bonds-operations]] concept page documenting the operational pathway Grice executed at