MADISON, WI (WTAQ) - University of Wisconsin campuses would have limits on how much money they could keep in reserve, under a new policy to be considered by the Board of Regents.
It was learned this spring that campuses were sitting on a total of $650 million.
That was when UW leaders were concerned about a lack of funding, and students were paying annual tuition hikes of 5.5 percent.
State lawmakers were so angry at the revelation, that they ordered the first freeze in tuition since the UW merged with the old Wisconsin State University system over 40 years ago.
The new policy would require campuses to maintain reserves of 10 percent of their budgets -- but they'd have to justify keeping more than 15 percent.
The Regents' business and finance committee will discuss the new policy Thursday. The full board will act on it Friday.
The Regents are meeting at UW-Parkside near Kenosha.