Lexington-Fayette, Kentucky 2021-07-20 10:24:50 –
Frankfort, Kentucky (LEX 18) — The Kentucky State University Board of Directors accepted President Christopher Brown’s resignation at a special meeting on Tuesday.
According to the board’s agenda, the regent convened a meeting to address financial concerns and hire an external auditor to “consider the current financial position of Kentucky State University.” The university is currently preparing for a $ 50 million campus project.
Brown initially offered to resign on July 14. The regent voted to accept it in a private session on Tuesday.
The university is advancing a 400-bed dormitory and canteen approved by the Kentucky General Assembly.
Brown recently asked the board to approve a new line of credit. Last year’s KSU annual credit line was raised to $ 5 million as a “precautionary measure,” according to school finance officials.
The university has also fought a half-dozen proceedings this year, alleging various illegal acts by its leaders, including Brown.
Clararos Stamp, Senior Vice President of Brand Identity and University Schools, will act as President.