Aug. 9 (UPI) -- The U.S. Justice Department is asking for $1 billion from the University of California, Los Angeles in exchange for re-starting federal funding to the public land-grant research institution, school officials confirmed.

"The University of California just received a document from the Department of Justice and is reviewing it," University of California President James Milliken said in a statement this week.

"As a public university, we are stewards of taxpayer resources and a payment of this scale would completely devastate our country's greatest public university system as well as inflict great harm on our students and all Californians."

Earlier this week, UCLA announced it had lost millions in federal research funding after the Justice Department accused it of failing to protect Jewish students during on-campus pro-Palestinian protests. The school at the time did not specify a dollar amount, but that figure is now believed to be around $500 million.

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