Report: UNT drew excess state funds - Jenna Duncan and Holly Hacker Denton Record-Chronicle

According to a financial document, the University of North Texas improperly used $83.5 million in state funds for employee benefits and salaries, pushing its financial problems to more than $100 million. The University of North Texas improperly used $83.5 million in state funds for employee benefits and salaries, pushing its financial problems to more than $100 million, according to financial documents. UNT System Chancellor Lee Jackson said Thursday that the state and UNT officials have not yet determined how much the university might have to repay to the state and over what period of time. He said he spent Wednesday in Austin meeting with staff for the governor, lieutenant governor, House speaker and others about the $83.5 million, which was disclosed Wednesday in federal financial filings. http://www.dentonrc.com/local-news/local-news-headlines/20140529-report-unt-drew-excess-state-funds.ece