- 3 -



action. He noted that this amendment is intended to bring the University's Governing
Regulations in line with the statutes in Kentucky. President Wethington added that the proposal
has been circulated to the appropriate bodies on campus, and he has not received any feedback.
President Wethington said he was pleased to recommend PR 3A for final approval. Mr. Glenn
moved approval. The motion, seconded by Mr. Shoop, carried. (See PR 3A at the end of the
Minutes.)

      G.    Agreement Resolving Community College Accreditation Issues (PR 3B)

      President Wethington stated that PR 3B is an agreement to resolve community college
accreditation issues. He reminded the Board of the controversy over House Bill 1 and the
concerns regarding possible accreditation issues for the community colleges. He stated that this
agreement is a joint effort between the University and KCTCS designed to resolve existing
accreditation issues. He added that this is actually a Memorandum of Understanding, which will
delegate further powers from the UK Board of Trustees to the Board of KCTCS. President
Wethington noted that the University was informed by the Attorney General that it is appropriate
and proper for this Board to make such a delegation.

      Mr. Chellgren added that he chaired the Ad Hoc Committee that worked on the
community college carve-out issue. He stated that he has continued to work with both KCTCS
and the university on this issue, and he strongly recommends the Board endorse this further
delegation of these three powers.

      Dr. Stumbo moved approval. The motion, seconded by Mr. Chellgren, carried. (See PR
3B at the end of the Minutes.)

      H.    Appointments/Reappointments to University of Kentucky Equine Research
             Foundation (PR 5A)

      President Wethington stated that PR 5A is a recommendation for appointments and
reappointments to the Equine Research Foundation Board. He noted that the recommendation is
that approval be given to the appointments of the following persons: Mr. James E. Bassett, Mr.
Edward S. Bonnie, Mr. Bill Farish, Ms. Nadia Sanan, Dr. William Bernard, and Mr. Walter Zent,
and that the reappointment of Mr. Frank Shoop be made by this Board. He added that the
recommendation came from the nominating committee and has been approved by Chancellor of
the Lexington Campus. He expressed his pleasure in recommending PR 5A.

      Dr. Meriwether moved approval. The motion, seconded by Ms. Sims, carried. (See PR
5A at the end of the Minutes.)

      Mr. Shoop asked that the record show that he abstained from voting.

      I.    Amendments to Articles of Incorporation of University of Kentucky Equine
             Research Foundation. Inc. (PR SB)

      President Wethington stated that PR SB is a recommendation that Charles T. Wethington,
Jr., as President, and M. Scott Smith, as Secretary, be authorized to execute and file with the
Secretary of State the attached Amendment to Articles of Incorporation of University of