Office of the President
                                             July 29, 1986

                                             PK 3A




Members, Executive Committee of the Board of Trustees:

        RESOLUTION OF THE EXECUTIVE COMMITTEE OF THE BOARD
        OF TRUSTEES OF THE UNIVERSITY OF KENTUCKY, RATIFYING,
        CONFIRMING AND APPROVING THE SERIES A RESOLUTION AS
        CORRECTED TO REFLECT THE PRINCIPAL MATURITIES OF THE
        SERIES A BONDS TO BE ISSUED IN THE TOTAL PRINCIPAL
        AMOUNT OF $21,000,000, AND RELATED CLARIFYING LANGUAGE

RecoDmmendation:  That the Executive Committee of the Board of
Trustees approve a resolution incorporating the maturity schedule for
the authorized principal amount of $21,000,000 of the University of
Kentucky Hospital Revenue Bonds, Series A, and related clarifying
language into the Series A Resolution which was adopted by the Board
of Trustees on June 25, 1986.

Background: The Series A Resolution was adopted for the issuance of
the Series A Bonds in a principal amount of $25,000,000 or less. It
has been determined by Executive Order of the President of the
University as authorized by the Board of Trustees that the Series A
Bonds should be issued in the amount of $21,000,000. Therefore,. it
is now necessary to have the principal maturities for the authorized
$21,000,000 of Series A Bonds and related clarifying text incorporated
in the series A Resolution.











Action:  Approved      __     Disapproved             Other_

Date: July 29, 1986