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explained the mechanics of the DinerCard. He reminded the Trustees that
the Housing and Dining System receives no state funds and is entirely
self-supporting, and that the proposed increase of approximately 4
percent is needed in order to meet the higher operating costs and
financial demands of the Housing and Dining System.

        Mr. Clay expressed thanks and appreciation to Vice Chancellor
Blanton and his staff for an outstanding job in preparing the detailed
proposal of the Housing and Dining System. He then moved that the room
and board rates be adjusted as recommended in FCR 4. Mr. Clay's motion
was seconded by Mr. Rose and passed without dissent. (See FCR 4 at the
end of the Minutes.)

        BB.   Gift/Maintenance Agreement With FBC, Inc.   (FCR 5)

        FCR 5 was withdrawn from the agenda.

        CC.   Report of Investments   (ICR 1)

        Mr. Geary, Chairman of the Investment Committee, reported that
the Investment Committee met on the morning of May 6 and reviewed the
report of changes made in investments for the three months ended March-
31, 1986. He then moved that the report be accept. His motion was
seconded by Mr. Clay and it was so ordered. (See ICR 1 at the end of the
Minutes.)

        DD.   Amendment of Code of Student Conduct   (SCCR 1)

        Mr. Griffin, Chairman of the Student Code Committee, reported
that the Committee met on April 1 and considered the proposed revisions
in the Code of Student Conduct. The Committee so recommending, Mr.
Griffin moved adoption of the proposed amendments to Article II
(University Rights of Students) and Article IV (The University as a
Supervisor of Residence Halls) in the Code of Student Conduct. Mr.
Griffin's motion was seconded by Mr. Cain and unanimously carried. (See
SCCR 1 at the end of the Minutes.)

        EE.   Meeting Adjourned

        There being no further business to come before the meeting, the
Chairman declared the meeting officially adjourned at 2:42 p.m.

                                    Respectfully submitted,



                                    George W. Griffin, Secretary
                                    Board of Trustees



(Schedule of Meeting Dates; PR's 2, 3A, 3B, 3C-1, 3C-2, 3C-3, 3D, 3E,
3F, 4A, 4B, 5A, 5B, and 6A; TR 1; FCR's 1, 2 (Exhibit 1), 3, and 4;
ICR 1; and SCCR 1 which follow are official parts of the Minutes of the
Meeting.)

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