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Is there a special fund set aside by the Legislature to reimburse institutions for the rebates?

April 26, 2017aside fund Institutions legislature rebates reimburse special

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Is there a special fund set aside by the Legislature to reimburse institutions for the rebates?

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No. Universities must pay the refunds directly out of locally available funds. Although the statute provided the means for the Legislature to reimburse institution for the amount they pay out in rebates, that provision has never been funded so far.