Report Blasts $4.65 Million in Forgivable Loans to Texas Law Profs

Following up on my prior posts (links below): Austin American-Statesman: End Forgivable Loans to UT Law Professors, Report Urges:

A forgivable loan program benefiting law professors and a former law dean at the University of Texas raises legal concerns and should be permanently ended, according to a report by the UT System and a review of that report by the state attorney general’s office. The American-Statesman obtained copies of the documents under the Texas Public Information Act.

The UT System report was especially critical of the former dean, Larry Sager, who remains on the faculty of the School of Law and who, while dean, sought and received a $500,000 forgivable loan from the UT Law School Foundation.

• Daily Texan: UT System Report Deems Law School Foundation's Loan Program Inappropriate
• Texas Tribune: UT Law's Forgivable Loans to Faculty "Not Appropriate"

Prior TaxProf Blog coverage:

• University of Texas Law School Dean Resigns Immediately in Wake of Faculty Division Over Compensation (Dec. 9, 2011)
• University of Texas Chancellor Orders Review of Use of Foundation Funds to Pay 19 Law Faculty Over $300,000 (Dec. 12, 2011)
• Leiter on the Turmoil at the University of Texas School of Law (Dec.13, 2011)
• More on the Turmoil at the University of Texas School of Law (Dec. 16, 2011)
• Dean Sager's $4.65 Million in Forgivable Loans to Law Profs 'Ripped Apart' Texas Faculty (Feb. 21, 2012)