"The focus now is to put a plan in place so that a system is developed that is accountable and transparent," she said.
"The goal of this budgetary plan is to come up with specific steps needed to dig the university out of this hole and keep it out of future budgetary holes."
S.C. State has been operating on a deficit for some years and asked
In April the Budget and Control Board agreed to allow the university to borrow
But before the budgetary plan can be developed, a
The bill is a compromise between the
The House wanted a "working group" made up of experts in a number of areas, including finance, procurement, human resources, athletic administration, university foundation administration and the mission and administration of Historically Black Colleges and Universities.
"One of the things we've got to do is generate confidence back in the university," Matthews said. "This is the way to generate that confidence -- to have an independent group that really understands higher education as we originally planned. We were trying to keep it simple with people who understood higher education."
Cobb-Hunter noted that the House's proviso also requires the working committee to provide monthly reports to the local legislative delegation.
"That is a way for the delegation to be in the loop as far as the progress that is being made on development of the budgetary a plan," she said.
Additionally, the House proviso states that the "working group shall provide periodic progress reports regarding the development of the budgetary plan" to the chairman of both the
Once the budgetary plan is devised, the committee sends it and any recommendations for funding to the
Cobb-Hunter also noted that S.C. State is to receive a
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