This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

(WREG-TV) The Arkansas lieutenant governor, Mark Darr, announced Friday that he will resign effective February 1st.

Both Democrats and fellow Republicans had recently threatened Darr with the possibility of impeachment because of ethic violations related to finances.

State officials say Darr misspent more than $30,000 from his campaign funds and $3,500 with his state credit card.

The Ethics Commission also says Darr didn’t keep accurate records of his spending.

Darr’s full resignation statement:

It is my great honor to be the Lieutenant Governor of Arkansas.  This office has allowed me to meet so many wonderful Arkansans over the past few years.  My family and I are forever grateful for the support the people of this great state have shown us for the past few years and during this extremely difficult time.  We have learned that difficult days demand decisions of faith.

Throughout this process, it has been my desire to share the facts, and I feel this has been accomplished.  I have been honest, forthright and acted with integrity. I made mistakes, but not one with malicious intent.

Effective February 1, 2014 I will resign as Lieutenant Governor and I submit that resignation to the people of Arkansas, not an elected official. I have spoken with Speaker Carter and Senate Pro-Tempore Lamoureux to notify them of this decision.  They agree with me it is in the best interest for me, my family and the state at this point.  I respect these two men for their concern: not just for the state but for me and my family.

Politics can be a toxic business.  I will no longer subject my family to its hard lessons.  All my forgiveness to those who play the games and all my respect and appreciation to those who serve with class and humility.

Mark Darr

The Democratic Party of Arkansas Chair Vince Insalaco released the following in response to Darr’s announcement:

In light of Lt. Gov. Mark Darr’s recent ethics violations, his resignation is the right thing to do for the state of Arkansas. Arkansans hold their elected officials to a standard of transparency and ethical behavior and when an official repeatedly breaks that trust, Arkansans expect them to take responsibility. The Democratic Party of Arkansas is relieved that Mr. Darr did not put the people of Arkansas and the state legislature through the impeachment process.