FSU wants to privatize Athletics Department

[HuskerinBig10]

Why? So no one can know the actual cheating that is involved.

"
The switch will also give FSU athletics all the privileges of a private corporation, including declining any public-records requests while still preserving its sovereign immunity. The immunity clause for state agencies caps any jury judgments or settlements reached by the athletics department at $200,000. Any further settlements would have to be approved by the state Legislature to avoid undue burden on taxpayers, a privilege not enjoyed by traditional corporations.

"

FSU announces plans to privatize its athletics department

Hmmm, not sure if that can be done with a state funded school.

Tax | Florida State University Controller's Office

in state cost is $21,744, tuition is $4,022

out of state cost is $34,292, tuition is $16,540

Florida State University - Net Price, Tuition, Cost to Attend, Financial Aid and Student Loans

Florida State took $8,000,000 in student fees in FY 2017

Florida State issues TAX EXEMPT bonds through the government of Florida.

There are governmental bonds which are issued by the State of Florida from which the university receives some proceeds for projects authorized by the Florida Legislature. There are also 501(c)(3) tax exempt bonds which are issued by the university itself for projects that are authorized by the Board of Trustees. There are also tax exempt private activity bonds, which is a type of debt that the university hasn’t issued.

Our universities are no longer bastions of free thinking, it is hiding and obfuscation.

 

[mrwallace2ku]

privatize the dept then…for a mere 400 billion to the state first.

 

[Chewbaccer]

I'm all for privatizing pretty much everything.

 

[AlaskaGuy]

Cut off any and all state taxpayer dollars to FSU and call it a day.

 

[Blackshirts BLVD]

I didn't read any of the links, but I don't understand how a public school could do that. A private school like Miami, okay, but not a publicly funded school.

 

[jjc2009]

Um. How in the world can they remain tax exempt if they do this.

Also they’ll definitely have to pay their athletes (well, more than they already are).

 

[Deep Creek]

I didn't read any of the links, but I don't understand how a public school could do that. A private school like Miami, okay, but not a publicly funded school.

Not even sure about private ones being able to... unless they decide they want to give up their non profit status and be a "for profit" entity.

IIRC, Grand Canyon University tried that route once and came back.

www.azcentral.com/story/news/local/arizona-education/2018/07/02/grand-canyon-university-regains-its-non-profit-status/747376002/

 

[UCFhonors]

I'm all for privatizing pretty much everything.

You See Facts, my UCFriend.

UCFs AD is as private as the state will allow, atm.

#UCFacts

 

[Wild Turkey]

I don’t even understand why this would be a consideration. Extremely bad look for FSU.

 

[TheReal_NU]

You See Facts, my UCFriend.

UCFs AD is as private as the state will allow, atm.

#UCFacts

But isn’t that because they killed a kid and then only paid 200k of the 30 million settlement?

 

[BamaDude]

Why? So no one can know the actual cheating that is involved.

"
The switch will also give FSU athletics all the privileges of a private corporation, including declining any public-records requests while still preserving its sovereign immunity. The immunity clause for state agencies caps any jury judgments or settlements reached by the athletics department at $200,000. Any further settlements would have to be approved by the state Legislature to avoid undue burden on taxpayers, a privilege not enjoyed by traditional corporations.

"

FSU announces plans to privatize its athletics department

Hmmm, not sure if that can be done with a state funded school.

Tax | Florida State University Controller's Office

in state cost is $21,744, tuition is $4,022

out of state cost is $34,292, tuition is $16,540

Florida State University - Net Price, Tuition, Cost to Attend, Financial Aid and Student Loans

Florida State took $8,000,000 in student fees in FY 2017

Florida State issues TAX EXEMPT bonds through the government of Florida.

There are governmental bonds which are issued by the State of Florida from which the university receives some proceeds for projects authorized by the Florida Legislature. There are also 501(c)(3) tax exempt bonds which are issued by the university itself for projects that are authorized by the Board of Trustees. There are also tax exempt private activity bonds, which is a type of debt that the university hasn’t issued.

Our universities are no longer bastions of free thinking, it is hiding and obfuscation.

Sounds suspicious to me.