Attorney General: Endowment money should not be used to pay bankruptcy costs
There are 1 comment on the Jacksonville Daily Progress story from Dec 4, 2012, titled Attorney General: Endowment money should not be used to pay bankruptcy costs. In it, Jacksonville Daily Progress reports that:
Officials with the Texas Attorney General's Office on Monday reinforced their position that the Lon Morris College bankruptcy estate should not be allowed to use charitable endowment money to pay for its Chapter 11 bankruptcy costs.
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#1 Dec 4, 2012
Endowment money should also not be used to line the pockets of those running the school. What about the missing $300K from 2 years ago?
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