Friday, May 18, 2018

Hooah: Michigan Republicans tell MSU to use $1 billion rainy day fund to pay off sex abuse claims

Reported here:

State Sen. Rick Jones of Grand Ledge and State Rep. Tom Leonard of DeWitt both said any proposals to ask the Michigan Legislature for funding will be dead on arrival. ... Michigan State has a $1 billion unrestricted that could be tapped for the settlement, along with a $59 million insurance fund. "They have a larger rainy day fund than the state does and it's been storming over there for well over a year and they need to pay for this," Leonard said.