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Iowa Supreme Court says UI must disclose investors in utilities partnership

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Cedar Rapids Gazette: All seven Iowa Supreme Court justices have agreed the University of Iowa and the Board of Regents must hand over extensive financial details and documents about their $1.165 billion public-private partnership with a Paris-based collaborative to operate the UI utilities system for the next 50 years. Specifically, the board must disclose the names of investors who chipped in financing to make the deal happen, according to a Supreme Court opinion released today on the regents’ appeal of an earlier District Court’s enforced subpoena. “Taxpayers of Iowa, who bear the ultimate financial risk for this transaction, are entitled to know if the [regents] got the best deal available and if anyone had a conflict of interest,” according to the Supreme Court affirmation.