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    X.   Use of Maintenance Reserve (FQC 6)

    Acting on the recommendation ofi the Finance Commzittee, H1r.
Clay moved that the Vice Chancellor for Administration be
authorized and directed by the Board to request the Trustee of
the University of Kentucky Student Housinlg Bonds of 1960 to make
available the sum of $2,000.00 from the "Maintenance Reserve
Account" of said Bonds for the purpose of paying the cost of
replacing bedroom doors in the Alha Gamm-a Rho Fraternity house
located at 700 Woodland Avenue. H1r. Clay's motion was seconded
by Hir. licCowan and passed without dissent.  (See FCR 6 at the end
of the 111inutes.)

    Y.   DeleFation Authorizing~ the President to Provide for the
AcQuisition of real ProDertv not Exceedin- *'100.000 in Estimated
Value (FCR 7)

    On notion made by HIr. Clay, seconded by Or. Brereton Jones,
and passed, the Board authorized the President to provide for the
acquisition of parcels of real property (within the land use plan
approved by the Board of Trustees) which do not exceed an
estimated value of $100,000 provided funds are available and
budgeted for such acquisition. (See FCR 7 at the end of the
Minutes.)

    Z.   Ouasi-Endowment of Blue-White Funds (FC9 8)

    The Finance Committee so reconiaending, Hr. Clay moved that
the Board authorize the establishment of a quasi-endowment fund
for Blue-White monies and authorize the President to approve the
transfer of funds to the quasi-endowment fund with the income
from such funds being allocated for the use and benefit of the
University's intercollegiate athletics program. HIr. Clay's
motion was seconded by tar. Griffin and passed without dissent.
(See FCR 8 at the end of the Minutes.)

    AA. Five Year Plan 1981-88 and Biennial Budget Request 1q84-
86 (PR IF)

    President Singletary in presenting the Five Year Plan and
Biennial Budget Request indicated the major areas of emphasis in
the Plan. He reviewed charts summarizing the State
appropriations increases being requested and identified the
specific capital construction projects requested for each of the
sectors.

    Following a brief discussion of the proposed budget, 1Mr. Clay
moved that the Five Year Plan 1983-88 and Biennial Budget Request
1984-86 be approved for submission to the Council on Higher
Education for review and recommendation to the Governor of the
Commonwealth. His motion was seconded by Mr. Larry Jones and
passed withut dissent. (See PR 3F at the end of the Minutes.)