California's Higher Education Needs Transparency - NAM:
"Gov. Arnold Schwarzenegger has until Oct. 11 to sign or veto SB 218.
This is a bill introduced by State Senator Leland Yee, D-Calif., following questions raised about the business practices of foundations on California State University campuses from Fresno to San Francisco, Sonoma to Sacramento.
“Taxpayers and students deserve to know how their public universities are run,” Yee said. He cited several cases where a lack of accountability and transparency has paved the way for abuses by public higher education foundations.
A member of a Fresno State foundation received a no-bid contract connected with building a campus entertainment venue in which he had a financial stake. An executive with the San Francisco City Community College Foundation borrowed money from it for personal consumption. A Sonoma State foundation got stuck with repaying money lent to a former board member unable to make the loan payments."
"Gov. Arnold Schwarzenegger has until Oct. 11 to sign or veto SB 218.
This is a bill introduced by State Senator Leland Yee, D-Calif., following questions raised about the business practices of foundations on California State University campuses from Fresno to San Francisco, Sonoma to Sacramento.
“Taxpayers and students deserve to know how their public universities are run,” Yee said. He cited several cases where a lack of accountability and transparency has paved the way for abuses by public higher education foundations.
A member of a Fresno State foundation received a no-bid contract connected with building a campus entertainment venue in which he had a financial stake. An executive with the San Francisco City Community College Foundation borrowed money from it for personal consumption. A Sonoma State foundation got stuck with repaying money lent to a former board member unable to make the loan payments."