Nikki Haley opposes $12 million loan to S.C. State

South Carolina State University in Orangeburg. Jauary 10, 2013 (Grace Beahm/postandcourier.com)

S.C. Governor Nikki Haley on Tuesday said she is opposed to the state lending any more money to S.C. State University until the cash-strapped school hires financial consultants, according to a story posted today on The State's website.

A special committee appointed by the state legislature has recommended lending an additional $12 million to the school, according to the story. In May and June, S.C. State received a $6 million loan from the S.C. Budget and Control Board, led by Haley, A condition of that loan was that the school hire a financial consultant.

Read the full story here: http://j.mp/1nMAKpv

Information from: http://www.thestate.com/