Schools fail to spend millions from Ayers
Published: September 11,2011
Public record shows Mississippi’s three historically black universities in recent years have failed to spend all the funds awarded to them through the Ayers desegregation settlement. The College Board said its intent is that unused funds will carry over for future expenditures subject to legislative appropriation.
Per the settlement agreement, Ayers funds are set to be reduced in fiscal year 2013, which begins in July 2012. As a result funding for some university programs may require restructuring.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Winchester lands $50M ammunition contract from Homeland Security
- Deer processors need to use caution to insure safe, tasty venison
- Canadian company purchasing Southern Lumber for nearly $50M
- Pearl ordering rental properties to retrofit with sprinklers, build storm shelters
- Lawmakers question education leaders about escalating administrative costs
- Travis retiring as head of Mississippi World Trade Center
- Peavey Electronics reorganizing under new globalization plan
- Drew Brees settles lawsuit alleging investment fraud
- Court rules board can discipline West Virginia radiologist