Murphy puts assets into blind trust, fulfilling pledge

TRENTON, N.J. (AP) -- New Jersey Gov. Phil Murphy has signed an agreement putting financial assets into a blind trust that will be overseen by his brother-in-law.

Murphy signed the document earlier this month. It was shared Wednesday with The Associated Press by the State Ethics Commission.

The commission approved the agreement in April, roughly a month before the Democratic governor and his trustee, Stephen Snyder, signed the deal.

The agreement makes good on a promise Murphy made during the campaign to wall off his financial assets to avoid conflicts of interest. Murphy's office says the document "represents yet another promise kept."

Financial disclosure forms for Murphy and other officials also became available Wednesday. Murphy reported cash on hand of between $250,000 and $500,000.

Murphy is a wealthy former Goldman Sachs executive who used millions of his own cash to finance his gubernatorial campaign.