The Daily Tar Heel

Serving the students and the University community since 1893

Saturday February 27th

Higher Education



DTH Photo Illustration. The UNC System Office has plans to establish an “internal bank” in which it would provide loans for certain capital projects, which would allow system schools to seek loans from the UNC System internal bank rather than borrowing money from private lenders.

UNC System has plans for an internal bank, but the N.C. Treasury has doubts

The UNC System Office has plans to establish an “internal bank” in which it would provide loans for certain capital projects to its 17 institutions.  This would allow system schools to seek loans from the UNC System internal bank rather than borrowing money from private lenders. But the treasurer of North Carolina said he and his office have questions and concerns around the legality, necessity and accountability of creating an internal bank. Josh Ellis, associate vice president for Media Relations for the UNC System, said in an email that the internal bank would increase timely and flexible access to capital while lowering the cost of borrowing. 

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Chair Darrell Allison at a previous meeting at the UNC Center for School Leadership Development on Thursday, Jan. 24, 2019.

BOG member and Racial Equity Task Force Chairperson Darrell Allison resigns

Black students make up over one-fifth of total enrollment at UNC-System schools, which include five historically Black institutions. Within the Board of Governors, the UNC System's 24 voting-member governing body, there were only three Black members — which equals just 12.5 percent.  But last month, that number decreased to two when BOG member Darrell Allison unexpectedly resigned. If a Black individual is not named as a replacement by the North Carolina General Assembly, the community would be represented descriptively by just eight percent of the Board.

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