Friday, November 16, 2012

UT System Board of Regents acts fast on UT Law "forgivable loans" issue

http://www.statesman.com/news/news/state-regional-govt-politics/ut-system-regents-vote-to-consolidate-downtown-aus/nS7ZY/



Posted: 10:00 p.m. Thursday, Nov. 15, 2012
CONTINUING COVERAGE: UT SYSTEM SPENDING

UT System regents vote to consolidate downtown Austin offices


American-Statesman Staff
TYLER — 


University of Texas System regents have approved a plan to consolidate the system’s offices in downtown Austin into a single new building at a cost of $102.4 million.

The approval, which was expected, came on Thursday, the second and final day of a regents’ meeting at the UT Health Science Center at Tyler. Although the vote was unanimous, Regent Bobby Stillwell voiced concern during a committee meeting Wednesday, citing tight budget times that might limit construction plans contemplated by the system’s 15 academic and health campuses.

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In other action, the regents:

Established a task force to make recommendations on how campuses interact with private foundations that donate to the campuses. That was spurred by a report that the UT-Austin School of Law’s practice of arranging forgivable loans for professors from the Law School Foundation didn’t provide sufficient transparency.

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