July 30, 2004
State Seeks $18-Million Repayment From U. of Idaho Foundation
The Idaho attorney general's office has laid down the law for the University of Idaho Foundation and its Board of Directors.
The state wants repayment of $18-million, plus interest, for "wrongful acts and omissions" in managing two trust accounts used to help develop a University of Idaho satellite campus in Boise.
In a June 29 letter, Chief Deputy Attorney General Sherman F. Furey III wrote that the board had conflicts of interest and "failed to exercise reasonable care, skill,
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