News Briefs

  Tishrei 9, 5770 , 27/09/09

State Comptroller Reviewing Universities' Finances

State Comptroller Micha Lindenstrauss has asked Israel's universities to provide information on fund-raising, budgets and investments as part of an examination of the universities' financial state as a result of the world economic crisis. Lindenstrauss said he will generate a report on the matter.

Lindenstrauss said he will also investigate Tel Aviv University's management of its investment portfolio during the crisis, which included selling off all its stock and bond holdings in March at a great loss.

Other archived news briefs:Sep 27 2009, 06:56 AM, 9/27/2009