Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • SIFs, mutual funds, PMS or AIFs: Which investment route deserves a place in your portfolio?
    • REITs vs REIT mutual funds vs physical property: A complete guide to capital gains tax, TDS and post-tax returns
    • Dividend ETFs vs. Bond ETFs: Here’s Which One Makes More Sense for Income Investors in This Market
    • Nippon India MF tops mutual fund industry with over 40 million folios | Mutual Funds
    • SIP Build UK: Yorkshire firm acquired in multi-million pound deal
    • Is Money Rotating Back Into Bitcoin and Ethereum ETFs While XRP and HYPE Funds Fade?
    • ETF market price vs NAV: Why some funds trade at a 20% premium while others stay close to fair value?
    • What happens if your mutual fund or bank nominee passes away before you? Here’s what you should do next
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»‘I Pray That Your Failure To Deploy These Funds Does Not Result In Deadly Consequences:’ AG Drummond Opinion On School Security Funds
    Funds

    ‘I Pray That Your Failure To Deploy These Funds Does Not Result In Deadly Consequences:’ AG Drummond Opinion On School Security Funds

    August 19, 2024


    Attorney General Gentner Drummond released an “expedited opinion” regarding the distribution of school security funds. Drummond tells State Superintendent Ryan Walters that he needs to immediately send out the “long overdue” funds. 

    Walters requested this opinion on August 12th, saying the law wasn’t clear on how to distribute the funds, claiming lawmakers couldn’t agree on a legislative intent. 

    The question at hand was if schools could roll over unused school security funding from year to year. 

    The attorney general says today he found it “deeply troubling” that the superintendent failed to administer the funds correctly. 

    “Let’s ask the AG for an opinion so we have clarity on the $50 million and whether it rolls over or not,” said Ryan Walters on News 9 last week. “We have to make sure that we’re using funds above board legally.” 

    The opinion from Drummond states that schools can roll over unused money from year to year, as long as they use all of the available funds by the end of the program. 

    OSDE was directed to distribute $50 million to schools across the state to hire school resource officers and enhance school security. The school security money was approved by the state legislature after the 2022 Uvalde school shooting. 

    The opinion from Attorney General Gentner Drummond states “A plain reading of the statute demonstrates legislative intent to provide $50,000,000 in each of the three years of the Program.” 

    Drummond says in a statement he is frustrated that Walters waited more than a year before requesting this opinion saying “Those wasted months have resulted in school districts not receiving millions of dollars in funds they could have used to bolster security and protect students 

    The opinion also notes that OSDE’s guidance to schools was inconsistent, saying the department “arbitrarily and without notice, reversed course and zeroed out the district balances” 

    Drummond says that money needs to be delivered immediately, saying he will not tolerate further delay. 

    “I pray that your failure to deploy these funds does not result in deadly consequences,” said Drummond. 

    State Superintendent Walters said in a statement:

    “Nothing is more important than the safety of our students and at NO time have our schools gone without security funding in any way. Due to ambiguity in the statute passed by the legislature, there was a question of whether some districts that did spend certain security funds in the previous fiscal year could legally roll over that money to this year. The legislature considered, but did not pass, an amendment that would have removed any doubt about the rollover issue. To get clarity on these legal issues, I requested this opinion from the Attorney General and our agency may now move forward.” 

    Senate Pro Tem Greg Treat released the following statement: 

    “I appreciate Attorney General Drummond for issuing a concise and expedited opinion on this matter,” Pro Tem Treat said. “The legislative intent was clear and shouldn’t have needed an Attorney General’s opinion. Regardless, the circumstances we are facing made it necessary. While I will let the attorney general’s opinion speak for itself, I am going to remain focused on ensuring the money to protect children is distributed to school districts as intended and immediately. Lawmakers spoke loud and clear when we passed this legislation. It is now my hope there are no further delays complying with the law.” 

    See the full opinion below.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    SIFs, mutual funds, PMS or AIFs: Which investment route deserves a place in your portfolio?

    July 26, 2026

    Active funds vs passive: Is active management still relevant?

    July 24, 2026

    The Best Large-Growth Funds and ETFs to Buy

    July 24, 2026
    Leave A Reply Cancel Reply

    Top Posts

    SIFs, mutual funds, PMS or AIFs: Which investment route deserves a place in your portfolio?

    July 26, 2026

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Funds

    SIFs, mutual funds, PMS or AIFs: Which investment route deserves a place in your portfolio?

    July 26, 2026

    India’s investment ecosystem has evolved significantly over the past few years, with products catering to…

    REITs vs REIT mutual funds vs physical property: A complete guide to capital gains tax, TDS and post-tax returns

    July 26, 2026

    Dividend ETFs vs. Bond ETFs: Here’s Which One Makes More Sense for Income Investors in This Market

    July 26, 2026

    Nippon India MF tops mutual fund industry with over 40 million folios | Mutual Funds

    July 26, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Organization holds coffee event to raise funds for human trafficking victims

    October 12, 2024

    The gift and curse of leveraged ETFs

    February 11, 2025

    Investors see gold in multi-asset funds, say experts

    October 28, 2025
    Our Picks

    SIFs, mutual funds, PMS or AIFs: Which investment route deserves a place in your portfolio?

    July 26, 2026

    REITs vs REIT mutual funds vs physical property: A complete guide to capital gains tax, TDS and post-tax returns

    July 26, 2026

    Dividend ETFs vs. Bond ETFs: Here’s Which One Makes More Sense for Income Investors in This Market

    July 26, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹9000 monthly SIP can help you retire at 45 with ₹2 lakh monthly pension

    May 5, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.