ALBUQUERQUE, N.M. (KRQE) – The University of New Mexico’s Board of Regents met for nearly four hours Wednesday afternoon but didn’t take any action on President Bob Frank’s future.
Wednesday’s agenda cited the possibility of suspending Frank with pay while an internal investigation is completed, or terminating him with cause.
KRQE News 13 reported last week when an audit of Frank questioned his treatment of staff and some of his spending.
The audit looked at a trip to New Jersey when Frank stayed in an expensive hotel in Manhattan while the Lobo Football team stayed in a cheaper hotel near the stadium. It was reimbursed by the UNM Foundation.
It also found Frank owed over $5,000 to the foundation and over $200 to the university after he’d been reimbursed too much for expenses and that he failed to report taking any vacation since his hire in 2012.
This special meeting comes just one day after Frank’s attorney said he’s considering suing the university for damages, claiming that some information in the report was inaccurate and leaked to the media. He’s now asking for his own independent investigation to find out who gave the audit out.
Frank has already said he won’t seek a second term after his contract expires in May.
The next regents’ meeting isn’t until Tuesday morning. No agenda for that meeting has been released, but there’s a possibility the regents could take action on Frank’s future then.