Office of the President
                                   June 20, 1978

                                       FG R I

Members, Board of Trustees:


           RESOLUTION AUTHORIZING ISSUANCE
           OF HOUSING & DINING SYSTEM
                   REVENUE BONDS


Recommendation: That the Board of Trustees approve
the following: A Resolution Authorizing the Issuance
of University Housing and Dining System Revenue Bonds,
Series J, in the principal amount of $6,325,000, and
Series K, in an amount presently estimated to be
$284,000, a copy of which is attached and made a part
of this resolution. Further, that the Board authorize
the publication of a Notice of Sale of Bonds and the
dissemination of an Official Statement and Official
Bid Form, copies of which are attached and made a part
of this resolution.

Background: Series J, University of Kentucky Housing
and Dining System Revenue Bonds, will be issued to
provide funds for construction of 200 apartment type
units of housing for 650 students on a 23 acre tract
on the University's south campus, and to provide funds
for the acquisition of three existing apartment buildings
located adjacent to the campus and containing 34 apart-
ments, the purchase of which having been previously
authorized by the Board.

Series K, University of Kentucky Housing and Dining
System Revenue Bonds, will be issued to provide funds
to replace windows and install thermostat control valves
in Boyd, Patterson and Jewell Resident Halls, which
would save approximately 35% of the heating energy
presently required. Housing and Urban Development (HUD)
has reserved funds to make a loan at 3% interest for
this project.



J u me  20 , 1978.



Action:  Approved X Disapproved      Other



Date: