Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Morgan Stanley to convert $10 billion in Eaton Vance muni funds to ETFs
    • Mutual Fund Summit Live: Navneet Munot, Nilesh Shah, Radhika Gupta to address the event shortly
    • Multi-Asset vs Flexi-Cap Funds: Risk, returns, tax—5 key differences to know
    • He Retired With No Paycheck and Planned His Roth Conversion Around an Empty Tax Bracket. In December, His Mutual Funds Filled It.
    • Spot Bitcoin ETFs Bleed $450M After Senate Blocks CLARITY, Biggest Outflow Since June
    • Bitcoin ETFs Are Coming Off Their Best 3-Week Stretch of the Year. What’s Next for Bitcoin?
    • Binance Adds 11 US Treasury and Bond ETFs to Binance Earn Wealth Management Service
    • Mid-cap funds are hot with investors. What’s driving the rush and should you invest now? Here’s what fund managers say
    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

    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

    Private equity funds to buy as the sector bounces back

    September 11, 2026
    Leave A Reply Cancel Reply

    Top Posts

    CPP Investments and Brookfield launch $50 billion Maple Fund to pursue large-scale investments across Canada – Company Announcement

    September 15, 2026

    Spot Bitcoin ETFs Bleed $450M After Senate Blocks CLARITY, Biggest Outflow Since June

    September 16, 2026

    Morgan Stanley to convert $10 billion in Eaton Vance muni funds to ETFs

    September 16, 2026

    Binance Adds 11 US Treasury and Bond ETFs to Binance Earn Wealth Management Service

    September 16, 2026
    Don't Miss
    Mutual Funds

    Morgan Stanley to convert $10 billion in Eaton Vance muni funds to ETFs

    September 16, 2026

    Morgan Stanley filed to convert $10 billion of Eaton Vance state municipal bond funds, now…

    Mutual Fund Summit Live: Navneet Munot, Nilesh Shah, Radhika Gupta to address the event shortly

    September 16, 2026

    Multi-Asset vs Flexi-Cap Funds: Risk, returns, tax—5 key differences to know

    September 16, 2026

    He Retired With No Paycheck and Planned His Roth Conversion Around an Empty Tax Bracket. In December, His Mutual Funds Filled It.

    September 16, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Debt Funds Regain Momentum as Equity Inflows Cool in October: AMFI Data Shows Maturing Investor Behaviour

    November 11, 2025

    Harvest ETFs Announces April 2025 Distributions

    April 23, 2025

    Sebi proposes price bands for gold and silver ETFs

    February 13, 2026
    Our Picks

    Morgan Stanley to convert $10 billion in Eaton Vance muni funds to ETFs

    September 16, 2026

    Mutual Fund Summit Live: Navneet Munot, Nilesh Shah, Radhika Gupta to address the event shortly

    September 16, 2026

    Multi-Asset vs Flexi-Cap Funds: Risk, returns, tax—5 key differences to know

    September 16, 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.