WHEREAS, the Finance Committee has considered said bids and
has recommended to the Board of Trustees the bid which is the
most advantageous to the Board of Trustees;

     NOW, THEREFORE, THE BOARD OF TRUSTEES OF THE UNIVERSITY OF
KENTUCKY DOES RESOLVE AS FOLLOWS:

     1.  That the Resolution passed and adopted by the Board of
         Trustees on March 1, 1983 authorizing the Bonds is
         hereby ratified and affirmed.

     2.  That the bid of   Blyth Eastman Paine Webber, Inc. . New York,
          New York
          for the sale of $17,100,000 of University of Kentucky
          Consolidated Educational Buildings Revenue Bonds,
          Series G, dated April 1, 1983, be accepted and
          confirmed, the bid being at a price of $16,843,500.00  for
          the $17,100,000 principal amount of Bonds, plus accrued
          interest from April 1, 1983, to bear interest at the
          rate(s) of 7.25% for 1984 through 1986: 7.60% for 1987 through
          1991; 7.80% for 1992; 8.00% for 1993; 8.25% for 1994; 8.50% for
          1995; 8.75% for 1996; 9.00% forl997: 9.10 % for 1998: 9.20% for
          1999; and 9.30% for 2000 through 2003.


     3.  That said bid identified in Section 2 hereof has been
         determined to be the highest and best to the Board
         and the University for said Bonds, the interest rates on
         said Bonds are hereby fixed at the rates set out in said
         successful bid.

     4.  That said Bonds as identified in the Resolution passed
         and adopted on March 1, 1983, shall be delivered by the
         officers of the Board in accordance with the terms of
         said Resolution as soon as ready, but in any event on or
         prior to May 1, 1983.

     5.  That the confirmation of this bid subjects the Board to
         no liability if it is unable to obtain the final
         approving Legal Opinion of Henry M. Reed ILI, Bond
         Counsel, Louisville, Kentucky, or if said Bonds or the
         interest thereon should be subject to ad valorem or
         income taxation by the Federal Governmen't or Kentbcky'
         prior to the delivery of said Bonds, but the purchasers
         shall not be required to take up said Bonds without the
         final approving Legal Opinion of Bond Counsel
         accompanying said Bonds or if said Bonds or the interest
         thereon should become so subject to taxation.



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