Conference realignment likely on hold until 2023

[The Historian]

On my reading, the funds are restricted because they are explicitly dedicated for athletics. If I'm incorrect about the nature of restricted funds, then what are restricted funds? They appear to go to great pains to make clear that these are self-assessed and dedicated funds.

What it could mean - and perhaps what the schools agreed to behind the scenes - is that funds were restricted to what's been allowed since 2002, facility improvements. And that this has more to do with reporting than anything else.

I am almost 100% certain UL-Lafayette was behind this change, because they were concerned about how their budget was being reported. All on a day when they knew internally they were about to be passed over in the conference realignment shuffle. Look at the date - April 25, 2012.

And when I say 'what the schools agreed to behind the scenes' it's because the changes in 2002 were agreed to behind the scenes. I could never find information in the minutes during that era that allowed some of the changes that took place with facilities fees and how they were being used. It took a very specific FOIA request to find correspondence from the AD at UL-Lafayette at the time, Nelson Schexnayder, that outlined what the schools would and would not do if the Board made the changes. That never showed up as an addendum in the Board minutes.

I suspect that happens frequently with the Board of Regents and may have happened in this instance.