"This payment is an egregious misuse of public funds and a betrayal of the Board's responsibility to act in the best interest of the university and its students," said Attorney General Raúl Torrez.
"He is selflessly stepping down for the good of the university in the face of ongoing issues," Board President Mary Hotvedt said, praising Shepard at the meeting.
"A lie is halfway round the world before the truth has got its boots on," Shepard stated in his resignation letter, denying wrongdoing amidst criticism.
"To those of you who are against me, I hope you someday find peace. My choice is to move beyond the toxic and back to the calm," Shepard added.
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