Birmingham-Southern College Takes Legal Action Against State Treasurer's Funding Denial

Birmingham-Southern College has filed a lawsuit against Alabama State Treasurer Young Boozer after he denied the college's application for a $27 million bailout. The college, which was on the brink of closure, had applied for the funds through a new loan program for struggling universities. Birmingham-Southern officials claim they meet all the criteria for the loan but have been unfairly refused funding. The lawsuit accuses Boozer of lobbying against the loan program and unlawfully delaying it. The college is seeking a court order to compel Boozer to execute the program and disburse the loan.