Louisiana shuffling money to keep colleges afloat - Melinda Deslatte, Associated Press

Gov. Bobby Jindal's administration is asking for a $40 million loan from the state Treasury to continue paying expenses for Louisiana's public colleges, after the financing used to fund higher education has been slow to arrive. The loan request was filed this week with Treasurer John N. Kennedy’s office, seeking “seed funding” to provide cash flow for the campuses and other higher education offices. At issue is the way Jindal and lawmakers chose to provide much of the state funding for the schools in the $25 billion budget. They are using a patchwork of dollars from property sales, legal settlements, lease payments and other financing arrangements. http://www.thetowntalk.com/viewart/20140427/NEWS01/304270031/State-shuffling-money-keep-colleges-afloat