Minutes of the Meeting of the Executive Committee of the Board of
Trustees of the University of Kentucky August 14, 1959.


         The Executive Committee of the Boa Ld of Trustees of the University
of Kentucky met in the Presidentt s Office at 9:40 a. m. , CST, Friday, August
14, 1959, with the following members present: R. P. Hobson, chairman; Dr.
Ralph J. Angelucci and Harper Gatton.  Absent: J. Stephen Watkins and Wood
Hannah, Sr.  President Frank G. Dickey and Secretary Frank D. Peterson
met with the Committee.


         A. Approval of Minutes.

         The minutes of the Executive Committee meeting of May 22, 1959, were
approved as published.



         B. Building Needs.

         Mr. Hobson, Chairman of the Executive Committee, stated that he had
been doing a lot of thinking about the building needs of the University since Pres-
ident Dickey' s last report on building needs. Discussion of the need for
academic facilities ensued.  The new Chemistry-Physics building, as programmed,
was discussed at some length, as well as the possibility of issuing revenue bonds
to acquire these facilities.

        The need for a Library Annex, College of Commerce building, lecture
hall to be used as classroom space and Engineering Annex, was reviewed and
considered at some length.  President Dickey stated that Pence Hall (old
Physics building) and Kastle Hall (old Chemistry building) should be remodeled,
renovated and used for academic facilities if and when a new Chemistry-Physics
building is obtained. The restoration of these buildings would relieve, to some
extent, the great need for classroom facilities. He added that additional fa-
cilities such as plant pathology and food technology building were needed for
work of the College of Agriculture and Home Economics and Agricultural Exper-
iment Station. Additions to the Student Union building and the College of Law
building represent other current needs.  It was stated that the University has
come a long way in building physical facilities for auxiliary and service enter-
prises. Such buildings, in the main, are self-supporting and can be amortized
through revenues from these facilities, but a classroom building, generally
speaking is not revenue producing.  Mr. Peterson called attention to the brochure
just issued by the University concerning building needs and a graph revealing
the portion of buildings constructed through the use of State tax money versus
funds from other sources.  He reported that capital inventory for expenditures
for buildings at the University since 1866 through April 30, 1959, excluding
the Medical Center and a boys' dormitory under construction, revealed that
$30, 386, 000-plus had been invested.  State tax money has been appropriated
in the amount of $7,942, 000-plus and the rest of the funds, exceeding
$22, 000, 000, has come fromn gifts, grants, borrowed money and other non-state