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Post Info TOPIC: CL, 1/12/07: House OKs $125M for colleges


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CL, 1/12/07: House OKs $125M for colleges
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http://www.clarionledger.com/apps/pbcs.dll/article?AID=/20070112/NEWS010504/701120389/1001/NEWS

House OKs $125M for colleges

...WHAT'S IN THE BILL

House Bill 246 requires the state to issue $125 million in bonds to fund construction projects on college campuses statewide. The measure, which heads to the Senate for consideration, includes:...

... University of Southern Mississippi: $9 million to buy land for a parking area and to move offices.

University of Southern Mississippi, Gulf Coast campus: $5 million for rebuilding....



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http://billstatus.ls.state.ms.us/documents/2007/html/HB/0200-0299/HB0246CS.htm

House Bill 246...

...University of Southern Mississippi...............$ 9,000,000.00

Land acquisition, site improvements,

and repair and renovation of

campus buildings and facilities,

repair, renovation, replacement and

improvement of campus

infrastructure and purchase of

furniture and equipment .....$ 9,000,000.00

University of Southern Mississippi/

Gulf Coast Campuses..............................$ 5,000,000.00

Facility repairs,

replacements, renovations

and upgrades at Gulf

Coast Campuses...............$ 5,000,000.00...

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"improvement of campus

infrastructure and purchase of

furniture and equipment "


 


Must be costs of sprucing up Shelboid's new digs after he "resigns" the Presidency.


OM



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I see that USM is to receive $9 million to construct new parking areas and move offices. By my calculations that is only 7.2% of the funds approved by the House.

Delta State is to receive 10.2%; MSU, 16.1%; Ole Miss, 11.2% - with the Medical School getting another 8.2%; and the College Board, 22.3%. Alas, the campus which probably needs a greater share of the bond money, USM-Gulf Coast, will garner only 4% of the whole.

The most significant problem presented by governments is that all are run by politicians. . . .

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You would think that a university whose president is local and an expert on money would have done better.

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