Leatherman: Panel is SC State's best hope - WCIV-TV | ABC News 4 - Charleston News, Sports, Weather

Leatherman: Panel is SC State's best hope

Posted: Updated:
By SEANNA ADCOX
Associated Press

COLUMBIA, S.C. (AP) - Senate Finance Chairman Hugh Leatherman says South Carolina State University's best chance of survival comes from a panel of current and former college presidents he put together.

The Senate approved Thursday adding a clause in the state budget that directs the five-member panel to work with SC State officials in developing a plan to stabilize the school.

The state's only public historically black university is in a financial hole. Officials wanted a nearly $14 million grant to cover its bills through the end of June. Last week, the Budget and Control Board approved a $6 million loan to pay its oldest unpaid bills. How the school will pay it back is unknown.

Leatherman voted against the loan, saying it doesn't solve anything. He called it a Band-Aid at most.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most Popular

Stories
Videos

Like Us On Facebook


Powered by WorldNow

ABCNews4 WCIV-TV

888 Allbritton Dr.
Mt. Pleasant, SC 29464
843-881-4444 | Advertising Information

Public Information File

For assistance with accessing WCIV-TV's public information file, click here.

Advertising

Advertising Credit Application and Terms and Conditions PDF.

Powered by WorldNow
All content Copyright © 2014 WCIV and Worldnow. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.