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exercises. The Committee on Honorary Degrees has recommended to the Graduate
Faculty and the University Senate that honorary degrees be awarded to these individuals.
On a motion made by Ms. Smith Edge and seconded by Professor Kennedy, PR 5 carried
without dissent. (See PR 5 at the end of the Minutes.)

      I.    PowerPoint Presentation by President Lee T. Todd, Jr.

      President Todd said that he had intended to discuss tuition at this meeting;
however, he decided to delay that discussion primarily because the University has not
received a final budget. He said that he thought the budget would be received within the
next three weeks and that a final tuition proposal would be brought to the Board later.

      He said he wanted to let the Board know the administration's thinking process
and how they have managed the operation in the last two and a half years in dealing with
some of the cuts that have been of significant magnitude. He said that the administration
has been working on efficiencies since July 1, 2001 and reviewed the following slides
regarding the University's efficiency efforts: