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        S.    Adoption of Resolution Approving Issuance of Series L
Housing and Dining System Revenue Bonds (FCR 5)

        Thereupon, a motion was made by Mr. Farmer and seconded by Mr.
Brereton Jones that the following Resolution, which was read in summary
form to the Board, he passed and adopted; said Resolution was entitled as
follows:

        A RESOLUTION OF THE BOARD OF TRUSTEES OF THE UNIVERSITY OF
        KENTUCKY AUTHORIZING THE ISSUANCE, SALE AND DELIVERY OF
        $3,790,000 OF UNIVERSITY OF KENTUCKY HOUSING AND DINING SYSTEM
        REVENUE BONDS, SERIES L, FOR THE PURPOSE OF FINANCING THE COST,
        NOT OTHERWISE PROVIDED. OF PAYING AND RETIRING $4,200,000 OF
        UNIVERSITY OF KENTUCKY HOUSING AND DINING SYSTEM REVENUE BOND
        ANTICIPATION NOTES, SERIES L, DATED JUNE 1, 1982; APPROVING THE
        AMENDMENT OF THE TRUST INDENTURE UNDER WHICH ALL HOUSING AND
        DINING SYSTEM REVENUE BONDS ARE TO BE AUTHORIZED AND ISSUED; AND
        AUTHORIZING THE ADVERTISED, COMPETITIVE SALE OF SAID BONDS IN
        ACCORDANCE WITH LAW.

        (The full Resolution being attached to these Minutes as
        Exhibit 1).

        Upon a vote being taken on the motion, all members of the Board
present voted yea.

        Thereupon the Chairman declared that the motion had carried and
that the Resolution had been passed and adopted and directed that the
same be recorded in the Minutes of the Board. (See FCR 5 at the end of
these Minutes.)

        T.    RESOLUTION ACCEPTING THE SUCCESSFUL BID FOR THE PURCHASE OF
$2,890,000 OF UNIVERSITY OF KENTUCKY COMMUNITY COLLEGES EDUCATIONAL
BUILDINGS REVENUE BONDS, SERIES E (FUR 6)

        Thereupon, a motion was made by Mr. Farmer and seconded by Mr.
Larry Jones that the following titled Resolution, which was read in
summary form to the Board of Trustees, be passed and adopted:

         RESOLUTION RELATING TO THE $2,890,000 UNIVERSITY OF KENTUCKY
         COMMUNITY COLLEGES EDUCATIONAL BUILDINGS REVENUE BONDS, SERIES E

         (The full Resolution being attached to these Minutes as
         Exhibit 1.)

         The motion was passed and adopted unanimously. Thereupon the
Chairman declared that the motion had carried and that the Resolution had
been passed and adopted and directed that the same be recorded in the
Minutes of the Board. (See FCR 6 at the end of the Minutes.)

         U.    Student Code Committee Meeting

         Mr. Griffin, Chairman of the Student Code Committee, announced
that the Committee would meet in Room C on the 18th floor of Patterson
Office Tower immediately following the meeting of the Board of Trustees.