Texas Tech's Money Dispute Over $1.7 Million - KCBD NewsChannel 11 Lubbock

6/6/08

Texas Tech's Money Dispute Over $1.7 Million

There's a conflict Friday between officials of Texas Tech University and the Texas State University Systems about who has claim to $1.7 million.

The money is rent money paid by Angelo State University students for a dorm on the ASU campus in San Angelo. Angelo State thinks the money belongs to them, but the Texas State University System believes it's entitled.

However, the Texas Legislature passed a bill regarding such finances before ASU and Texas Tech merged. The bill declared all matters that took place before September 1, 2007 were the business of the Texas State University System Board of Regents. And anything occurring after that date would be the business of the Texas Tech University System Board of Regents.

Because of that, the Texas Attorney General's office has said ASU does not have claim to the money. Texas Tech authorities disagree with the decision.

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