Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • New SFT Rules for Demat and Mutual Fund Transactions: What Every Investor and Trader Should Know
    • New UPI MDR rules: Will mutual fund SIPs, FDs and stock investments cost more? – Money News
    • $1 Million in These 3 ETFs Pays More Than $100,000 a Year Without Touching Principal
    • 5 Monthly Dividend ETFs Paying 8 to 14 Percent for the Fourth Quarter of 2026
    • ULIP & Mutual Fund in 2026: Features, Lock-In and How These Plans Work
    • As Fed raises rates, income investors can buy these bonds for solid yields and a portfolio cushion
    • Bitcoin ETFs Could Triple Gold Counterparts As Asset Matures: Expert
    • Godrej Wealth plans to enter asset management business next year
    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

    The Quality of Hedge Funds’ Lifeblood — Data — Has Declined Because of AI

    September 17, 2026

    Focused funds stay on fringes despite MF boom – Market News

    September 14, 2026

    Investors pull money from equity funds as rising oil prices fuel inflation fears

    September 11, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Quality of Hedge Funds’ Lifeblood — Data — Has Declined Because of AI

    September 17, 2026

    Innovator ETFs® Announces Liquidation of an Exchange-Traded Fund

    September 16, 2026

    New SFT Rules for Demat and Mutual Fund Transactions: What Every Investor and Trader Should Know

    September 18, 2026

    The Bank of England is shaking up its bond sales – why does it matter? | Quantitative easing

    September 17, 2026
    Don't Miss
    Mutual Funds

    New SFT Rules for Demat and Mutual Fund Transactions: What Every Investor and Trader Should Know

    September 18, 2026

    The CBDT has introduced new Statement of Financial Transactions (SFT) rules for demat and mutual…

    New UPI MDR rules: Will mutual fund SIPs, FDs and stock investments cost more? – Money News

    September 17, 2026

    $1 Million in These 3 ETFs Pays More Than $100,000 a Year Without Touching Principal

    September 17, 2026

    5 Monthly Dividend ETFs Paying 8 to 14 Percent for the Fourth Quarter of 2026

    September 17, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Gold mutual fund investment limits India | More mutual funds curb gold bets amid restrictions on gold-focused schemes

    June 6, 2026

    Bill Ackman hopes to leverage public image to boost new investment fund

    July 16, 2024

    Mutual Fund SIP Calculator: The power of Rs 500 every month; guide for a teenager | Personal Finance News

    July 13, 2024
    Our Picks

    New SFT Rules for Demat and Mutual Fund Transactions: What Every Investor and Trader Should Know

    September 18, 2026

    New UPI MDR rules: Will mutual fund SIPs, FDs and stock investments cost more? – Money News

    September 17, 2026

    $1 Million in These 3 ETFs Pays More Than $100,000 a Year Without Touching Principal

    September 17, 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

    🇮🇸 CPP Investments and Equinix complete atNorth acquisition to support growth of leading Nordic data center platform

    September 1, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

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