RESOLUTION OF ,-E BOARD OF TRUSTEES OF T.E UNIVERSITY OF KENTUCKY
           TAKING NOTE OF THE PURICHASERS' DESIRE TO HAVE AN ALTERNATE PAYING
           AGENT DESIGNATED IN CONNECTION WITH THE UNIVERSITY OF KENTUCKY
           COMM.1-UNITY COLLEGES EDUCATIONAL BUILDINGS REVENUE BONX6, SERIES A,
           DATED MAY 1, 1969.


           VlWEREAS, under the proceedings by which the $12,125,006 of University

 of Kentucky Community Colleges Educational Buildings Revenue Bonds, Series A,

 dated May 1, 1969, were offered for sale, an option was given in favor of the

 purchasers of such bonds to request the Board to designate an alternate paying

 agent for such bonds, in addition to those already named, and

          WHEREAS, pursuant to such proceedings the successful purchasers have

requested that Chemical Bank, New York, New York, be designated as such an alter-

nate paying agent,

          N04, THEREFORE, THE BOARD OF TRUSTEES OF THE UNIVERSITY OF KENTUCKY

DOES HEREBY RESOLVE AS FOLLOW.'ISA

          Section 1. The principal office of Chemical Bank, New York, New York,

is hereby designated an alternate paying agent in connection with such bonds

hereinbefore described, and the printing of such bonds to show such bank as an

alternate paying agent is hereby authorized.

         Soction 2. That this resolution shall be in full force and effect from

and after its adoption.