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IU Prepared To Use Cash Reserves If State Shutsdown Wednesday
Updated May 5, 2013 12:07 AM | Filed under: Network Indiana
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(BLOOMINGTON) - If there's a state government shutdown on Wednesday, Indiana University is prepared to spend its cash reserves to stay open for business.

At a brief meeting on Friday, the IU trustees heard plans to use up to $300 million in cash reserves for necessary payments in July and possibly August.

The monthly payroll for the school's 17-thousand employees is around $100 million.



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