Questions On Openness Linger For UVa And Investment Fund

8/29/16

By Derek Quizo, The Daily Progress

Last week, state auditors found that the University of Virginia was not keeping a $2 billion “slush fund,” as alleged by former Rector Helen E. Dragas. But the auditors did not weigh in on whether UVa violated open meetings law by discussing the fund in executive session.

During a hearing at the General Assembly on Friday, UVa Rector William H. Goodwin Jr. recounted the Board of Visitors’ June closed-door meeting, giving a different version of events from the one presented by Dragas — which formed the basis of a negative opinion from the state Freedom of Information Advisory Council.

The June closed-door meeting was convened to talk about how former employees had help amassing the reserves that became the Strategic Investment Fund. The university cited discussion of personnel performance as the reason for the closed meeting.

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