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[7] > Image [7] of Minutes of the University of Kentucky Board of Trustees, 1983-08-aug26.

Part of Minutes of the University of Kentucky Board of Trustees

-7- 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.)