Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Why SIPs Continue To Be A Popular Way To Begin Investing In Mutual Funds
    • The Role of Commodities in Modern Mutual Fund Portfolios
    • How SIP Planning Becomes Easier When You Know the Numbers in Advance
    • 3 Simple ETFs to Buy With $1,000 and Hold for a Lifetime
    • Sovereign Gold Bonds: 4 SGBs To Mature In 2026, Returns Range From 370-385%; Know SGB Scheme Rules To Claim
    • Flexi-cap vs large & mid-cap funds: Diversification or hidden overlap? | Personal Finance
    • Are these the best ASX ETFs to buy in May?
    • Rupee and Bonds Set to Slump as Brent Crude Hits $107; Trump Cancels Iran Peace Mission
    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

    Flexi-cap vs large & mid-cap funds: Diversification or hidden overlap? | Personal Finance

    April 27, 2026

    High-Potential Mutual Funds for Beginners

    April 26, 2026

    DPIIT Issues Operational Guidelines For Rs 10,000 Crore Startup India Fund Of Funds 2.0 To Streamline Capital Deployment

    April 25, 2026
    Leave A Reply Cancel Reply

    Top Posts

    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

    How SIP Planning Becomes Easier When You Know the Numbers in Advance

    April 27, 2026
    Don't Miss
    Mutual Funds

    Why SIPs Continue To Be A Popular Way To Begin Investing In Mutual Funds

    April 27, 2026

    Regular monthly SIP investments help beginners start wealth creation with discipline and flexibility | Representational…

    The Role of Commodities in Modern Mutual Fund Portfolios

    April 27, 2026

    How SIP Planning Becomes Easier When You Know the Numbers in Advance

    April 27, 2026

    3 Simple ETFs to Buy With $1,000 and Hold for a Lifetime

    April 27, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    BlackRock Doubts the Approval of Solana and XRP ETFs!

    July 26, 2024

    The Top ETFs of 2025: Where Investors Found Real Returns

    December 29, 2025

    Ethereum Funds Shed $222 Million as Crypto Bill Fears Rattle Investors

    March 30, 2026
    Our Picks

    Why SIPs Continue To Be A Popular Way To Begin Investing In Mutual Funds

    April 27, 2026

    The Role of Commodities in Modern Mutual Fund Portfolios

    April 27, 2026

    How SIP Planning Becomes Easier When You Know the Numbers in Advance

    April 27, 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

    ₹50 lakh retirement corpus: How to invest in SCSS, mutual funds, equities and other assets — CA offers tips

    April 16, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

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