Public University Funding Assignment Example | Topics and Well Written Essays - 750 words

Public University Funding - Assignment ExampleThere is problem in acquiring bullion from private entities/ mental hospitals such as auxiliaries that are affiliated to these public universities. The problem does not arise from acquiring notes. The problem arises when such auxiliaries affiliated to the universities are not legally bound to disclose where they get funds from and are also exempt from any disclosure of their accounts.Such anomaly can lead to unsafe consequences for the universities. Instances have been quoted where certain auxiliaries have not been as forthcoming as they were expected to be. A foundation affiliated with Sonoma State University lent money to a former member of its board. They then got stuck with a eminence when he could not pay the money back. And a former chancellor of San Francisco City College has been indicted on charges that implicate allegedly diverting money from a foundation account to pay for a club membership, hard drink and other expenses (Instructions).These malpractices cannot be allowed to go unchecked just because Californian Public Records Act does not shroud foundations. There is a gap in the law if such malpractices are allowed to occur with impunity. The current fiscal scenario is fraught with ignoble implications and any gap in the legal process could even mean acting into the hands of terrorists.Californian Senator Leland Yees legislative bill SB-218 deserves swift and overwhelming approval by the legislature. The bill pull up stakes ensure transparency and accountability. In order that honest and bona fide auxiliaries are not discouraged from fund airlift on the universitys behalf, SB-218 has a provision for such donors to remain anonymous (Senate Judiciary Committee).There are ordered and principled ways of raising funds. Sometimes it is easier to raise funds than disburse them. Universities must be as careful in their disbursements as they are when raising funds.ConclusionAccountability and transp arency in financial affairs promote goodwill and developmental activities. People in general and donors in particular necessity to see funds utilized judiciously and donate in greater measure when funds are invested honestly and purposefully. Besides, universities are noble institutions and are expected to uphold exemplary standards of funds utility.SourceInstructions, methodicalness No. 316961, Academia-Research.comSenate Judiciary C