Office of the President
                                                July 29, 1986



                                                P13 313



Members, Executive Committee of the Board of Trustees:

        RESOLUTION OF THE EXECUTIVE COMMITTEE OF THE BOARD
        OF TRUSTEES OF THE UNIVERSITY OF KENTUCKY, ACCEPTING
        THE SUCCESSFUL BID FOR THE PURCHASE OF THE UNIVERSITY
        OF KENTUCKY HOSPITAL REVENUE BONDS, SERIES A, DATED
        AUGUST 1, 1986

Recommendation: That the Executive Committee of the Board of
Trustees approve.a resolution accepting the successful bid for the
purchase of the Series A Bonds.

Background: On June 25, 1986, the Board adopted a Master Resolution
and a Series Resolution authorizing the issuance of the Series A
Bonds. Pursuant to Executive Order of the President, as authorized
by the Board of Trustees, a-Notice of Bond Sale was published on
July 21, 1986, as required by law for submission of bids for the
$21,000,000 of University of Kentucky Hospital Revenue Bonds, Series
A, on July 29, 1986, at 10:30 a.m.

Three bids were received and tabulated as follows:



Smith Barney, Harris Upham & Co., Incorporated
J.J.B. Hilliard, W.L. Lyons, Inc. & Associates
Drexel Burnham Lambert Inc.



$20,536,901.65
$20,527,500.00
$20,535,732.00



Action:  Approved _____

Date:  July 29, 1986



Di s approved



7.932090 %
7.9699916%
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