Current:Home > NewsBirmingham-Southern sues Alabama state treasurer, says college was wrongfully denied loan-LoTradeCoin
Birmingham-Southern sues Alabama state treasurer, says college was wrongfully denied loan
View Date:2024-12-23 17:03:56
MONTGOMERY, Ala. (AP) — Birmingham-Southern College has filed a lawsuit against Alabama’s state treasurer for denying a loan from a program created by lawmakers to help the historic but financially troubled private college.
The lawsuit contends Treasurer Young Boozer wrongly denied the college a loan from the program created this year to provide a financial lifeline to the institution. The 167-year-old college will likely close without emergency relief from the court, lawyers wrote in the lawsuit filed Wednesday.
“It is an undisputed fact that Birmingham-Southern College has met each and every requirement of the law,” Birmingham-Southern President Daniel Coleman said in a statement.
Boozer’s office did not immediately respond to a telephone message seeking comment on Friday.
The Alabama Legislature this year created the Alabama Distressed Institutions of Higher Education Revolving Loan Program after Birmingham-Southern officials, alumni and supporters lobbied for money to help the college stay afloat. State officials had expressed concerns about giving a bailout to a private college, but supporters of the loan legislation said it was a way to provide bridge funding while the college worked to shore up its finances.
The college is asking the court for an emergency order to approve the loan and disburse the first $8.8 million by Nov. 6, with another installment of $7.2 million by Feb. 1
Montgomery Circuit Judge James Anderson held a hearing Thursday and scheduled another for Wednesday. Al.com reported that during the hearing Anderson questioned whether he has the authority to order the treasurer to approve the loan, saying the law appears to give discretion to the state treasurer. The Alabama attorney general’s office also argued that Boozer’s office has immunity from the lawsuit.
veryGood! (33763)
Related
- Taylor Swift gifts 7-year-old '22' hat after promising to meet her when she was a baby
- College football Week 8: Our six picks for must-watch games include Ohio State-Penn State
- Watch Bad Bunny Give a Cheeky Nod to Kendall Jenner in Saturday Night Live Promo
- Ukraine displays recovered artifacts it says were stolen by Russians
- Walmart Planned to Remove Oven Before 19-Year-Old Employee's Death
- Pink Postpones Additional Concert Dates Amid Battle With Respiratory Infection
- Fantasy Fest kicks off in Key West with 10 days of masquerades, parties and costume competitions
- Cricket in the Olympics? 2028 Games will feature sport for the first time in a century
- 'Wanted' posters plastered around University of Rochester target Jewish faculty members
- Hilarie Burton Defends Sophia Bush After Erin Foster Alleges She Cheated With Chad Michael Murray
Ranking
- Why Suits' Gabriel Macht Needed Time Away From Harvey Specter After Finale
- Russia names new air force leader replacing rebellion-tied general, state news reports
- Lisa Rinna's Real Housewives of Beverly Hills Resignation Email Revealed
- Gigi Hadid and Bradley Cooper Romance Rumors Continue to Pour In After Rainy NYC Outing
- In bizarro world, Tennessee plays better defense, and Georgia's Kirby Smart comes unglued
- French intelligence points to Palestinian rocket, not Israeli airstrike, for Gaza hospital blast
- How Summer House's Lindsay Hubbard Is Doing 2 Months After Carl Radke Breakup
- Megan Thee Stallion and former record label 1501 Entertainment settle 3-year legal battle
Recommendation
-
'Red One' review: Dwayne Johnson, Chris Evans embark on a joyless search for Santa
-
More fraud, higher bond yields, and faster airline boarding
-
Rep. Jim Jordan will try again for House gavel, but Republicans won’t back the hardline Trump ally
-
Rafah border remains closed amid mounting calls for Gaza aid: Reporter's notebook
-
Mike Tyson employs two trainers who 'work like a dream team' as Jake Paul fight nears
-
Air France pilot falls off cliff to his death while hiking California’s towering Mount Whitney
-
They fled Russia's war in Ukraine. Now in Israel, they face another conflict.
-
The UAW's decade-long fight to form a union at VW's Chattanooga plant