California Attorney General Jerry Brown has launched an investigation into the California State University Stanislaus Foundation regarding their scheduled appearance by guest speaker, former Vice-Presidential candidate and former Alaskan governor, Sarah Palin.

Breaking Celebrity News can exclusively report that the investigation will include an inquiry into the Foundation's finances after it was alleged that paperwork relating to the engagement was dumped into a university dumpster.

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Palin is booked to speak at the university's 59th anniversary gala - a $500 a plate dinner on June 25th.

Brown is seeking this action because the university has allegedly refused to turn over financial records regarding Palin's speaking engagement. Brown says he has the right to the information under the California Public Records act.

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According to Brown, CSU Stanislaus hasn't disclosed how much Palin will be compensated for the gig, but she earned a cool $100k for speaking in February at a Tea Party convention in Nashville.

The inquiry will seek to determine whether the foundation, which has assets of more than $20 million, is spending its money to benefit the campus, as it promises donors, the university and the public. Brown wants to make sure the documents that CSU Stanislaus has are made available to his office and aren't destroyed.

"This is not about Sarah Palin," Brown said. "She has every right to speak at a university event, and schools should strive to bring to campus a broad range of speakers. The issues are public disclosure and financial accountability in organizations embedded in state-run universities.

"We're not saying any allegation is true, but we owe it to the taxpayers to thoroughly check out every serious allegation. We are taking this action to make sure that the money raised goes toward the intended educational purposes and not a dollar is wasted or misspent," Brown said, "Prudent financial stewardship is crucial at a time in which universities face vastly decreased funding and increased student fees."