4



       K. Finance Committee Reports (FCRs 1, 2, and 3)

       Mr. Griffin, Chairman of the Finance Committee, said that the recom-
rliendations in FCRs 1, 2, and 3 were routine in nature and the Finance Committee
recommended approval of each. Mr. Cooper moved that FCR 1, FCR 2, and FCR 3
be approved as presented. His motion being duly seconded, and passed, the
interim financial report was accepted (FCR 1); purchase of the property in
Caldwell County was approved (FCR 2); and the Assistant Treasurer and Controller
were authorized to cremate certain paid bonds and coupons (FCR 3). (See FCRs 1,
2, and 3 at the end of the Minutes. )


      L. $34, 700, 000 "Consolidated Educational Buildings Revenue Bonds,
Series D, " to be Dated May 1, 1971

          The Presiding Officer reminded the Executive Committee that

in accordance with authority duly conferred upon the Executive Committee

by the Board of Trustees of the University, the Executive Committee

bested, on November 27, 1967, a certain resolution (the "Series C

and Series D Resolution"), which is identified by its title or caption,

as follows:

          A RESOLUTION AUTHORIZING THE ISSUANCE OF $4,393,000
          CONSOLIDATED EDUCATIONAL BUILDINGS REVENUE BONDS,
          SERIES C, AND $29,250,000 CONSOLIDATED EDUCATIONAL
          BUILDINGS REVENUE BONDS, SERIES D, OF THE BOARD OF
          TRUSTEES OF THE UNIVERSITY OF KENTUCKY
                                 AND
          IN ANTICIPATION OF THE ISSUANCE OF SAID BONDS,
          AUTHORIZING THE ISSUANCE, JOINTLY WITH THE STATE
          PROPERTY AND BUILDINGS COMMISSION OF KENTUCKY, AND
          SUBJECT TO THE APPROVAL AND CONCURRENCE OF SAID
          COMISSION, OF REVENUE BOND ANTICIPATION NOTES IN
          THE MANNER AUTHORIZED BY KRS 56.513, THE SAME TO BE
          PAYABLE (A) AS TO PRINCIPAL SOLELY FROM THE PROCEEDS
          OF THE CONSOLIDATED EDUCATIONAL BUILDINGS REVENUE
          BONDS, SERIES C AND SERIES D, HEREIN AUTHORIZED, WHEN
          SAID BONDS ARE SOLD AND DELIVERED (OR FROM THE PROCEEDS
          OF RENEWAL NOTES), AND (B) AS TO INTEREST FROM THE
          SOURCES HEREIN PROVIDED THEREFOR; AND REQUESTING
          APPROVAL AND CONCURRENCE OF THE SAID COMMISSION.