Bevin agrees to release money to universities

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FRANKFORT, Ky. (WKYT) - Gov. Matt Bevin has agreed to release nearly $18 million to Kentucky's state colleges and universities, the attorney general's office said Saturday.

Bevin had cut the money from the schools budgets in the spring, saying they were necessary to combat the state's mounting pension debt. But Democratic Attorney General Andy Beshear sued, calling the cuts illegal.

Last month, the state Supreme Court sided with Beshear and sent the case back to the Franklin Circuit Court.

On Thursday, Beshear called on Bevin to immediately release the money to the schools. Bevin spokeswoman Amanda Stamper said Bevin still does not agree with the decision. She said he would release the money once the Franklin Circuit Court orders him to do it.

According to the attorney general's office, Bevin and Beshear signed an agreed order Friday that will be sent to the Franklin Circuit Court on Monday.

The order says that the governor's office and the attorney general's office both agree to releasing the money, so no further court action is required.

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