KU screws Kansas by circumventing the law. ISSUES bonds from Wisconsin

[renocat]

KU set up a private nonprofit corporation so so it can have a way to issue bonds without following the law that says the legislature must approve all bond issues. 325 million of debt burdened on the public ultimately has no ties to legislation approval.  This is wrong wrong wrong.  These damn elitist knew that the legislature would not approve issuing bonds for this amount, so they do like Obama and make up crap to get their way.  What makes me angry is the issued the bonds through Wisconsin's bond authority, taking business away from Kansas.  KU needs to fire people.

[Emo EMAW]

[CNS]

I would assume that the state is not liable if they created a private corp to get the bonds?  If not, I would assume that the state could nullify the contract like yesterday.

[yoga-like_abana]

 

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

I would assume that the state is not liable if they created a private corp to get the bonds?  If not, I would assume that the state could nullify the contract like yesterday.

Yeah, I'm sure the state would let it's second largest and second most prominent university default on its debt.  Thanks for the financial insight, bucket.

[ednksu]

I would assume that the state is not liable if they created a private corp to get the bonds?  If not, I would assume that the state could nullify the contract like yesterday.

Yeah, I'm sure the state would let it's second largest and second most prominent university default on its debt.  Thanks for the financial insight, bucket.

What better way for the emaw controlled legislature to stick it to the poor suffering university down the river?

[sys]

why didn't they use kdot, the way any normal institution would?

[CNS]

I would assume that the state is not liable if they created a private corp to get the bonds?  If not, I would assume that the state could nullify the contract like yesterday.

Yeah, I'm sure the state would let it's second largest and second most prominent university default on its debt.  Thanks for the financial insight, bucket.

   Not saying they would.  They didn't have authority and if I was Wisky, that would bother me.