State-owned universities might get cash advances if state budget impasse continues.
The board that oversees Pennsylvanians 14 state-owned universities is expected to decide Thursday whether to make $200 million in cash advances available to the campuses should the stalemate render schools unable to pay bills.
The money would come from the State System of Higher Education’s investment portfolio. So far, no university has sought an advance.
Slippery Rock, Clarion, California, Edinboro and Indiana are all state-owned schools.
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