Controlling Board approves final emergency step to wind down Eastern Gateway Community College
The State Controlling Board approved an Office of Budget and Management request to allow Eastern Gateway Community College to defease state credit-enhanced bonds as part of the college's orderly wind-down after loss of accreditation and appointment of a conservator.
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The State Controlling Board on a voice vote approved an Office of Budget and Management request to provide emergency funding for Eastern Gateway Community College’s final step to defease state credit-enhanced bonds, a move OBM said is part of an orderly wind-down of the institution.
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