COLUMBIA, S.C. — Gov. Nikki Haley has signed a bill firing the trustees at South Carolina State University just hours after the House and Senate approved a compromise bill.
Haley also on Thursday named her appointee to the new board, Milton Irvin, the chairman of New York investment bank CastleOak Securities.
The law gives six other Republicans seven days to name their new trustees. They are Superintendent Molly Spearman, Treasurer Curtis Loftis, Senate President Pro Tem Hugh Leatherman, Senate Education Committee Chairman John Courson, House Ways and Means Committee Chairman Brian White, and Rep. Jim Merrill, Ways and Means’ higher education subcommittee chairman.
The new board will serve until 2018.
SC State has seen declining enrollment and an unwillingness to cut spending create a debt that could reach $23 million by summer.