"These are totally free reserves, despite claims to the contrary," said Howard Bunsis, an EMU professor and treasurer of the state faculty union. "If the reserves were truly committed, and there was no way the university could get out of the commitment, then the auditors would put those amounts in a different category."
Michigan's universities sitting on $3.4B; students, faculty want part of it
Current Status: Blessed (1)
Seeded on Mon May 23, 2011 12:42 PM
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