BREAKING NEWS ON TSU!

MAJOR ANNOUNCEMENT ON THE UNIVERSITY!

Gov. Rick Perry today asked for the resignations of the Texas Southern University (TSU) Board of Regents and called for the university to be placed under conservatorship. The governor asked House and Senate leadership to convene the Legislative Audit Committee in order to authorize a conservatorship for the university that will allow Gov. Perry will appoint a conservator.
“The systemic problems at Texas Southern University run deep and now is the time to take swift and divisive action to reform a proud but broken university administration.” said Gov. Perry. “Conservatorship will bring a strong leader to the forefront of the university to reinstate accountability, take immediate and decisive action to correct mismanagement, and make the fiscal decisions necessary to get TSU back on track.”

Evidence of improper financial practices and gross mismanagement led to the creation of the TSU Advisory Committee in January. On March 26, the advisory committee submitted recommendations to the Governor, Lieutenant Governor, Speaker of the House and the TSU Board of Regents. The Governor will expect a TSU conservator to review the Advisory Committee’s work and adopt appropriate recommendations. The governor had also directed the TSU Board of Regents to devise a plan to immediately restore the institution to financial viability. However, the plan presented to the Governor by the board failed to offer the specific recommendations needed to correct the current financial situation.

“TSU can, and will, be reformed,” said Gov. Perry. “Conservatorship is the first, best step toward rebuilding this university and ensuring that present and future TSU students are given the education they deserve, and Texas taxpayers have the financial accountability they demand.”

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