Statement of Governor Perdue Regarding Regents Decision on the UGA Foundation

ATLANTA , GA - Governor Sonny Perdue issues the following statement regarding the Board of Regents decision on the University of Georgia Foundation:

"Yesterday the Georgia Board of Regents announced that it decided to end its relationship with the University of Georgia Foundation.  It is noteworthy that this action was taken by a unanimous vote of the Board, appointed by my administration as well as those of my predecessors.

 "Chancellor Meredith and the Regents have my full confidence and support in this matter.  I believe this was a responsible action aimed at preserving the academic integrity of our flagship university as well as the University system as a whole.  It is evident to me that the Regents felt that they had exhausted all other means of reconciling a situation that had become untenable.

" Georgia has a history of strong educational foundations whose members have made profound contributions to higher education in the state.  These foundations serve a useful purpose, but that usefulness has its roots in a co-operative spirit between them and our University system as a whole."