L.   AcceDtance of the Financial Statements of University of
Kentuckv Affiliated Corporations and Other Related Organizations
for the Year Ended June 30, 1q81 (FCR 2)

    Mr. Clay, acting upon the recommendation of the Finance
Committee, moved that the financial reports of the affiliated
corporations, as audited by the firm of Arthur Andersen &
Company, be accepted. Included were audited financial reports
for The Fund for Advancement of Education and Research in the
University of Kentucky Medical Center, University of Kentucky
Research Foundation, University of Kentucky Athletic Association,
University of Kentucky Alumni Association, University of Kentucky
Hospital Auxiliary, University of Kentucky Business Partnership
Foundation, Incorporated, University of Kentucky Mining
Engineering Foundation, Incorporated, and Health Care Collection
Service. His motion was seconded by Mr. Farmer and passed
without dissent. (See FCR 2 at the end of the Minutes.)

    M.   Interim Financial Reoort (FCR 3)

    On motion made by Mr. Clay, seconded by Mr. Farmer and
passed, the Interim Financial Report for the two months ended
August 31, 1983 was accepted. (See FCR 3 at the end of the
Minutes.)

    N.   Disposal of Personal ProDerty (FCR 4)

    With the concurrence of the Finance Committee, Mr. Clay moved
that the Board approve the disposal of personal property as
recommended in FCR 4. His motion was seconded by Mr. Black and
passed without dissent. (See FCR 4 at the end of the Minutes.)

    0.   Capital Construction Report (FCR 5)

    Mr. Clay moved that the Capital Construction Report for the
three months ending September 30, 1983 be accepted. His motion
was seconded by Mr. Farmer and passed unanimously. (See FCR 5 at
the end of the Minutes.)

    P.   Increase in the Scope of Pharmacy Building Project of
$700,000 (FCR 6)

    On motion made by Mr. Clay, seconded by Mr. Black and passed
unanimously, the Board approved an increase in the scope of
$700,000 of the Pharmacy Building as recommended in FCR 6. (See
FCR 6 at the end of the Minutes.)