U. of California Will Lend State $200M

August 6, 2009

The University of California -- in intense budget-cutting mode because of the state's fiscal mess -- is about to lend the state nearly $200 million. But as The San Francisco Chronicle reported, the loans aren't charity, but an attempt to get university building projects moving again. The state has been unable to support the university through bond measures for many key buildings, but the loan -- being repaid with interest -- will allow the university to move ahead with otherwise blocked projects.

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