Home » NEWS » IHL hands out funds to schools

IHL hands out funds to schools

The Board of Trustees of State Institutions of Higher Learning voted and approved the allocation of state appropriated funds within the system.

State appropriated funds for FY 2010, which include FY 2009 and FY 2010 American Recovery and Reinvestment Act dollars, total nearly $799.2 million. This represents a 1.3 percent increase over the original FY 2009 appropriation of $788.7 million.

The board voted to approve the allocation of funds as follows:

– On and off campus (eight universities): $420.4 million (down 0.2 percent)

– Student financial aid: $31.9 million (up 4.9 percent)

– University of Mississippi Medical Center: $236.7 million (up 3.0 percent)

– Agricultural programs: $82.1 million (up 1.1 percent)

– Institutes and centers: $28 million (up 7.8 percent)

The board also voted to approve a request by the University of Mississippi to begin the process to issue bonds to support the second phase of its residential college project. The project will provide 310 double-occupancy and 13 single-occupancy rooms. The bond won’t exceed $18.5 million.

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About MBJ Newswires

Leave a Reply

Your email address will not be published. Required fields are marked *

*