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University of Central Florida President Offers To Resign After School Misused Funds

ADVANCE FOR USE SUNDAY, OCT. 12 - In this Wednesday, Sept. 24, 2014 photo, students gather in front of Millican Hall at the University of Central Florida in Orlando, Fla. Private corporations control hundred of millions of dollars that flow into and out of Florida's public universities but the corporations have no obligations to disclose who they get the donations from. (AP Photo/John Raoux)
ADVANCE FOR USE SUNDAY, OCT. 12 - In this Wednesday, Sept. 24, 2014 photo, students gather in front of Millican Hall at the University of Central Florida in Orlando, Fla. Private corporations control hundred of millions of dollars that flow into and out of Florida's public universities but the corporations have no obligations to disclose who they get the donations from. (AP Photo/John Raoux)

ORLANDO — The president of the University of Central Florida is offering to resign following criticism over the school's use of $38 million in leftover operating money on the construction of a new academic building.

UCF President Dale Whittaker sent a letter offering to resign on Tuesday to the chairman of the UCF Board of Trustees. He also posted a message on the university's website.

In the letter, Whittaker says the university has made progress to make sure the problem never happens again. Whittaker, who was chosen as president last year, says he is offering his resignation to restore confidence in UCF.

In a letter to trustees, UCF chair Robert Garvey says he is grateful to Whittaker for putting the university's interests ahead of his own interests.

Garvey says he will call a board meeting to discuss the resignation offer.

The Associated Press is a wire service to which WUFT News subscribes.