January 26, 2007
UConn Foundation Says State Ethics Law Has Cost It $7-Million
The University of Connecticut Foundation has missed out on an estimated $7-million in corporate donations because of a new state ethics provision, its leaders say.
The provision bans state agencies, including public higher-education institutions like the University of Connecticut, from accepting gifts from corporations with which they have contracts or from companies that are seeking to do business with them.
The law, which also bans donations from lobbyists, is meant to stop
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