Bill Would Give Mesa State More Control Over Money

By: Tim Ciesco Email
By: Tim Ciesco Email

A bill that would give Mesa State College more control over its money will soon be making its way to the State Senate floor.

House Bill 1002 would give several state schools the power to make and control their own investments. The bill would allow Mesa State to withdraw the $25 million it currently keeps in the State Treasury and invest it however the school sees fit.

School officials say it's something they've wanted for a long time and that they're pleased the bill is making its way through the State Capitol.

"We could operate a little more quickly, perhaps take advantage of situations that the state would not be able to take advantage of, and increase the return on our investment," said Mesa State spokesperson Dana Nunn.

If the bill passes, Mesa State would be required to create an investment advisory group and make yearly reports to the State Legislature on their investment earnings.

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