A Montgomery County judge dismissed a lawsuit Birmingham-Southern College (BSC) filed against State Treasurer Young Boozer.
Boozer says the school did not meet the requirements to be approved for that loan.Birmingham-Southern College released the following statement:
"Our good faith was betrayed over the several months of working with Treasurer Boozer to deliver this bridge loan to the College," he added."The timeline of our interactions clearly demonstrates that his behavior was arbitrary and capricious. We also believe he is misinterpreting the language of the Act pertaining collateral."
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