Gov. Pat Quinn has once again halted funding for the state’s largest charter school organization, the United Neighborhood Organization.
The state has frozen payments from the final $15 million of a $98 million state school-construction grant awarded to UNO in 2009 to build eight new schools, the Chicago Sun-Times reported.
The announcement comes a day after reports that federal Securities and Exchange Commission is investigating the group for possible security violations.
The Sun-Times reported that, in a Sept. 20 letter to UNO’s board, an attorney from the SEC’s enforcement division in Chicago notified the organization that the agency is investigating them to “determine if violations of the federal securities laws have occurred.”
Funding was reportedly restored in June after Quinn expressed confidence in the group’s implemented reforms, including the appointment of a new board chairman.