I will be voting against the Senate Joint Resolution No. 8223 which allows “universities to invest specified public funds as authorized by the legislature, including in private companies or stock.” I think any of our money giving to the universities should be highly regulated. We certainly shouldn’t let them make investments into the stock market with it or other gambling ideas which they think would be better. First off, we shouldn’t giving the universities any money at all. They should be rewarded by graduates only and should support themselves. The universities charge way to much for tuition and books and their management, CEO, football coaches are making big dollars. Universities make a lot of money and their business model is simple to make things work (students to teacher ratio). The schools, however, should be regulated by the state as they are now just for doing business in the state but we shouldn’t be giving them more money to gamble on other investments which doesn’t help the school or students working hard there.
In fact, if they are just considering putting into the stock market then that tells me they have way to much money to be thinking about already.
With that being said, that is a no thanks on Senate Joint Resolution No. 8223.