xt702v2c8d3b https://exploreuk.uky.edu/dips/xt702v2c8d3b/data/mets.xml Lexington, Kentucky University of Kentucky 19970619 minutes English University of Kentucky Contact the Special Collections Research Center for information regarding rights and use of this collection. Minutes of the University of Kentucky Board of Trustees Minutes of the University of Kentucky Board of Trustees, 1997-06-aug19. text Minutes of the University of Kentucky Board of Trustees, 1997-06-aug19. 1997 2011 true xt702v2c8d3b section xt702v2c8d3b

AGENDA

Meeting of the Board of Trustees
University of Kentucky
1:00 P.M.
August 19, 1997
Invocation

Oath of Office Administered

Roll Call

Approval of Minutes

Resolutions

President's Report and Action Items

PR 1 President's Report to the Trustees

PR 2 Personnel Actions

PR 3 Central Administration
A. Appointment of Board of Directors University of Kentucky Research Foundation

PR 4 Community College System
A. Candidates for Degrees - Community College System
B. Inclusion of Paducah Junior College in the Community College System Pursuant to HB 1

PR 5 Lexington Campus
A. Candidates for Degrees - University System
B. Appointments to University of Kentucky Humanities Foundation

PR 6 Medical Center
A. Appointment of Dean of the College of Dentistry

Finance Committee

1. Report of Leases
2. Approval of Lease
3. Capital Construction Report
4. 1997-98 Budget Revisions
5. The Frederick Van Lennep Chair in Equine Veterinary Science
6. The John S. and Elizabeth Knight Chair in Equine Veterinary Science
7. The Keeneland Association Chair in Equine Science
8. A Resolution Authorizing the University's Investment of Additional Funds in Health Associates
of Kentucky, Inc.
9. A Resolution Authorizing the University's Participation in the Formation of a Medicaid Managed
Health Care System

Minutes of the Meeting of the Board of Trustees of the University of
Kentucky, Tuesday, August 19, 1997.

The Board of Trustees of the University of Kentucky met at 1:00 p.m.
(Lexington time) on Tuesday, August 19, 1997 in the Board Room on the 18th
floor of Patterson Office Tower.

A. Meeting Opened

Governor Edward T. Breathitt, Chairperson, called the meeting to order
at 1:00 p.m., and the invocation was pronounced by Mr. Welenken.

B. Oath of Office Administered

Governor Breathitt asked Richard Plymale, General Counsel, to
administer the oath of office to the following members:

Ms. Melanie Cruz, who will serve as student trustee for the 1997-98
academic year.

Dr. W. Grady Stumbo, appointed by Governor Paul Patton to replace
Robert N. Clay, for a term expiring June 30, 2003.

Ms. JoEtta Y. Wickliffe, appointed by Governor Paul Patton to replace
Lois C. Weinberg, for a term expiring June 30, 2003.

Mr. Paul W. Chellgren, reappointed by Governor Paul Patton, for a
term expiring June 30, 2003.

Governor Breathitt welcomed the new members and expressed
pleasure in the reappointment of Mr. Chellgren. He said he looked forward
to working with them.

C. Roll Call

The following members of the Board of Trustees answered the call of
the roll: Mr. Ted Bates, Mrs. Kay Shropshire Bell, Governor Edward T.
Breathitt (Chairperson), Mr. Paul W. Chellgren, Ms. Melanie Cruz, Mr.
Merwin Grayson, Mr. John "Jack" Guthrie, Mr. James F. Hardymon, Professor
Loys L. Mather, Dr. Robert P. Meriwether, Mr. Billy Joe Miles, Dr. Elissa
Plattner, Mr. Steven S. Reed, Professor Daniel R. Reedy, Mr. C. Frank Shoop,
Dr. Grady Stumbo, Mr. Martin Welenken, Ms. JoEtta Wickliffe and Mr. Billy
B. Wilcoxson. The University administration was represented by President
Charles T. Wethington, Jr.; Chancellors Ben W. Carr, James W. Holsinger,
and Elisabeth Zinser; Vice Presidents Joseph T. Burch, Fitzgerald Bramwell,
Edward A. Carter, George DeBin and Eugene Williams; Dr. Juanita Fleming,

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Special Assistant for Academic Affairs; Mr. C. M. Newton, Director of
Athletics, and Mr. Richard E. Plymale, General Counsel.

Members of the various news media were also in attendance. A
quorum being present, the Chairperson declared the meeting officially open
for the conduct of business at 1:05 p.m.

D. Approval of Minutes

Governor Breathitt said that the Minutes of the Board meeting on June
10, 1997 had been distributed and asked for any additions or corrections. Mr.
Guthrie moved that the Minutes be approved as distributed. Mr. Chellgren
seconded the motion, and it carried.

E. Resolutions

Elissa Plattner asked to read the following resolution for James C.
Bowling:

Whereas, James C. Bowling exemplified the qualities of charity,
benevolence and altruism, hallmark of a life of excellence.

Whereas, he demonstrated that it is not what we make of our worldly
goods, but the good we can make for others.

Whereas, someday a new fact will be discovered, a new idea will take
shape, an old problem will find a new answer and these acts will be
born of the seeds of generosity that are the legacy of this far-sighted
Kentuckian.

Therefore, the purpose of this resolution of the University of Kentucky
Board of Trustees is to honor the memory of the life and good works of
James C. Bowling.

The 19th day of August, 1997.

Governor Breathitt said that everyone appreciated the outstanding
service that James Bowling gave to the University of Kentucky, a moving
spirit behind the Kentuckians in New York, and his strong efforts through
the Development Council through the years. He said he would be missed,
and it is very appropriate that the Board recognize him with a resolution at
this time.

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Dr. Plattner also noted the passing of Juliette Combs Trapp, a
distinguished friend of the University of Kentucky who contributed greatly to
the medical school of this state and its work.

On motion made and seconded, the resolution was adopted.

Governor Breathitt asked Professor Mather to read the following
resolution for Dr. Deborah Powell:

WHEREAS, Dr. Deborah Powell was elected by the faculty of the
University of Kentucky to serve on the Board of Trustees for a three-
year term, beginning July 1, 1995, and

WHEREAS, Dr. Powell resigned her position on the Board to accept the
position of executive dean of the University of Kansas College of
Medicine, and

WHEREAS, Dr. Powell has represented the interests and concerns of
the faculty in the University System in an outstanding manner during
almost two years on the Board, and

WHEREAS, she has served the University of Kentucky as chair and
professor of the department of pathology, as an active member of the
University Senate Council and in many other professional capacities
with dedication and principle, and

WHEREAS, her membership on the Board allowed the University and
her fellow Board members to benefit from her experience as a full
professor in the Chandler Medical Center, most especially in giving the
faculty perspective on issues and items facing the Board,

NOW THEREFORE BE IT RESOLVED, that the Board of Trustees of the
University of Kentucky does hereby express sincere gratitude to
Deborah Powell for the dedication and commitment she has given to
the Board and for the support she has shown to the entire University,
benefiting every sector of the institution.

This the 19th day of August, 1997

Professor Mather said that Dr. Powell was almost two years of her
second term and had served a previous three year term. He asked for a
modification to the resolution. Following the amendment of the resolution,
Mr. Wilcoxson moved that the resolution be adopted. Dr. Meriwether
seconded the motion, and it passed.

Governor Breathitt called on Ms. Cruz to read the following resolution
for Alan Aja:

WHEREAS, Alan Aja has served his constituents well and faithfully
over the past year as president of the Student Government Association
and as student representative on the University of Kentucky Board of
Trustees, and

WHEREAS, on any number of issues requiring Board of Trustees
action he has articulated student views and positions eloquently and
factually, and

WHEREAS, he has worked diligently for the good of his constituency
within the policy-making and administrative systems of the
University, and

WHEREAS, he has proven himself an excellent listener as well as an
eloquent speaker on matters at issue before the Board, and

WHEREAS, he has, in all matters, conducted himself with a great deal
of decorum, thoughtfulness and consideration of the opinions and
feelings of others,

NOW THEREFORE BE IT RESOLVED, that his fellow members of the
University of Kentucky Board of Trustees do formally declare their
appreciation and gratitude to Alan Aja for his meritorious service and
dedication to duty as a member of the UK Board of Trustees and for his
exemplary service to the University of Kentucky during the 1996-1997
Academic Year.

This the 19th day of August, 1997.

On motion made by Mr. Grayson and seconded by Mr. Chellgren, the
resolution was adopted.

F. Letter from Lois Weinberg

Governor Breathitt said that Lois Weinberg asked him to read a letter
she had written to the Board and also include a copy of it the Board packet.
He read the following letter to the Board:

Dear Friends and Colleagues of this Board:

It was not without a great deal of thought and concern that I made the
recent decision not to join you today. The five years of my tenure on

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the UK Board have been challenging and meaningful ones. It has been
an honor and privilege to serve with Chairman Breathitt and share his
dedication and commitment to quality education in Kentucky. I have
gained immeasurable appreciation of the importance and complexity of
the service the University provides for the citizens of Kentucky. Not
only do students gain a quality education, but the outreach through the
Rural Health Center, Medical Center, Agricultural Extension Service,
Sanders Brown Center, to name a few, touches the lives of thousands
of additional families. I have gained respect for the leadership of this
institution, administrative and academic. Charles Wethington's skill
in crafting policy to be implemented through the budget is remarkable.
The impact of the Robinson Forest Scholars Program for talented
Eastern Kentucky students will be a legacy to his commitment to using
University resources to benefit those with the greatest need. His vision
in creating a fiscal vehicle through which to build a library worthy of a
"flagship" university was itself instructive for the next chapter in
Kentucky higher education.

The concept for the next chapter was discussed as early as October 1981
when the Prichard Committee's report In Pursuit of Excellence was
presented to the Council on Higher Education at Spindletop. I
remember being part of that presentation and thinking we were being
ambitious in our recommendations, but resolute that we had come to
these conclusions for the benefit of the whole system of postsecondary
education. In Mr. Prichard's forwarding letter he said, "we trust...these
recommendations will send out a signal to the higher education
community for unity of action in the face of unprecedented challenge."
Those sentiments hold true as we face the process of implementing
House Bill 1. Concerns about duplicative programs for both
undergraduate and graduate levels were present sixteen years ago,
along with the recommendation that the University of Kentucky
assume the role as the state's comprehensive research university and
that appropriate state resources be provided to support this role.

The Lexington Herald's article in last week's paper cites the 15% growth
of research funding during 1996-97 bringing $125 million in contracts,
grants and gifts received to the University. This demonstrates the
direction we have been moving and Dr. Bramwell is to be commended
for his initiative and energy in continuing to expand this role for UK.
As we extend the focus of research at the University to embrace an
increasingly complex world, so might we consider the replication of a
Technology/Research Extension Service comparable to that of the
Agricultural Extension to translate current advances into daily practice
for professionals and businesses. As I see it, the opportunity for UK to
continue in developing its premier role in nurturing knowledge and

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promulgating it across Kentucky is the next step in the University's
evolution.

Other questions involved in that evolution might be the shaping of
Lexington Community College's future with the primary task of
preparing undergraduates for upper division studies. Preparing and
retaining the strong students we admit to UK might become LCC's
mission. The time has come to address basic research questions of
utmost importance in Kentucky such as the implications for schools of
education of the state's illiteracy rate or how to accelerate our academic
skills to qualify for higher paying jobs. We have devoted attention to
study natural resources such as coal, tobacco, horses and wood. This
may be our opportunity to coordinate and further our knowledge of
the most important natural resource we have - the human potential
found in our young people's mind.

The conversation began in, the spring by this Board requesting
increased involvement in formulating policies relevant to the
direction of the University bodes well for the important transition
confronting us. I am optimistic that the talent and wisdom sitting at
this table can provide the momentum necessary to move forward.

I look forward to a continuing dialogue with the members of this
Board and between the Council on Postsecondary Education and this
University.
See you at the Governor's Conference on Postsecondary Education
Trusteeship in Louisville, September 21-22.

Respectfully Submitted,
Lois Weinberg

Governor Breathitt said that each member had a copy of the letter and
everyone looked forward to working with Lois as she takes her seat on the
Council on Postsecondary Education which is a very important role for her to
continue her efforts for higher education. He recommended that the
members of the Board attend the Conference on Postsecondary Education
Trusteeship in Louisville on September 21-22. He then asked President
Wethington for his report.

President Wethington thanked Governor Breathitt and added his
welcome to the new members of the Board. He said he was delighted at the
appointment and election of the new members to the Board. He also
expressed pleasure in the reappointment of Mr. Paul Chellgren to serve a
second term on the Board.

7 -

G. President's Report to the Board of Trustees (PR 1)

President Wethington called attention to the following items in PR 1:

1. Faculty and staff attracted $125,607,107 in research contracts, grants
and gifts from outside the University during the 1996-97 fiscal year,
a 15 percent increase over last year's extramural funding total.

2. The University set two fund-raising records last fiscal year: 1) gifts
to the University in 1996-97 totaled $41.4 million, 6 percent more
than the previous year, and 2) $44,424 donors contributed, 2.4
percent more than the previous year.

3. The grand opening of the UK Children's Hospital will be held
Saturday, August 23, with a formal dedication and ribbon cutting at
10 a.m.

4. New officers of the UK National Alumni Association named at the
association's summer workshop in Louisville are Marianne Smith
of Owensboro, president; Robert F. Pickard of Brentwood,
Tennessee, president-elect; and Daniel L. Sparks of Houston, Texas,
treasurer.

5. Henderson Community College has completed the most successful
fund-raising campaign in the history of Henderson County with a
total of $3,768,867 in contributions.

6. The Good Samaritan Foundation, Inc. recently awarded grants for
1997-98. Those grants are primarily health related grants that Good
Samaritan is making to the University of Kentucky.

7. The Center for Rural Health has compiled a three-volume set of
comprehensive health-related information which has been
published by the Good Samaritan Foundation.

8. UK Hospital's Aeromedical Service celebrates its 10th anniversary
August 28. Each year, the service transports more than 900 patients
to UK Hospital.

President Wethington asked the members to read the other items in
the report at their leisure.

- 8 -

H. Personnel Actions (PR 2)

President Wethington recommended that approval be given to the
appointments, actions and/or other staff changes which require Board action;
and that the report relative to appointments and/or changes already
approved by the administration be accepted. Mr. Shoop moved approval.
The motion, seconded by Mr. Chellgren, carried. (See PR 2 at the end of the
Minutes.)

I. Appointment of Board of Directors - University of Kentucky
Research Foundation (PR 3A)

President Wethington said that PR 3A is an appointment to the Board
of Directors of the University of Kentucky Research Foundation (UKRF). The
recommendation is that approval be given to the appointment of Mr. George
Woolwine as a public member of the Board of Directors for a term ending
June 30, 2000. In accordance with the Bylaws, the Board of Directors of UKRF
are appointed by the Board of Trustees after being recommended by the UKRF
Board. He recommended PR 3A for approval. On motion made by Mr.
Chellgren and seconded by Mr. Guthrie, PR 3A was approved. (See PR 3A at
the end of the Minutes.)

J. Candidates for Degrees - Community College System (PR 4A)

President Wethington said that PR 4A is an action item dealing with
candidates for degrees in the Community College System that will be awarded
at the completion of the summer term. The recommendation is that the
degree specified on the list attached to PR 4A be awarded to the persons
named upon certification that the requirements for those degrees have been
satisfactorily completed. He said he was pleased to recommend approval of
PR 4A. Professor Mather moved approval. His motion, seconded by Mrs.
Bell, passed. (See PR 4A at the end of the Minutes.)

K. Inclusion of Paducah Junior College in the Community College
System Pursuant to HB 1 (PR 4B)

President Wethington said that PR 4B recommends that the Board of
Trustees concur with the Board of Trustees of Paducah Junior College (PJC)
that PJC continue to be included in the Community College System (CCS) as
Paducah Community College, pursuant to Section 114 of House Bill 1 enacted
by the 1997 Extraordinary Session of the Kentucky General Assembly.
Paducah Junior College is an entity which was in existence prior to the
establishment of the UK Community College System. There has been an
agreement reached with Paducah Junior College going back to June 2, 1967
which gave the University of Kentucky the authority to manage and operate

PJC. The legislation envisioned both the PJC and the UK Board of Trustees
concurring that such an arrangement ought to continue and that such
management of PJC ought to be delegated to the new Kentucky Community
and Technical College System Board. The PJC Board has already taken action.
He said he was pleased to recommend approval of PR 4B. Mr. Shoop moved
approval. The motion, seconded by Mr. Welenken, carried. (See PR 4B at the
end of the Minutes.)

L. Candidates for Degrees - University System (PR 5A)

President Wethington said that PR 5A recommends that the president
be authorized to confer upon each individual whose name appears on the list
presented the degree to which he or she is entitled upon certification by the
registrar and approval by the University Senate that the individual has
satisfactorily completed all requirements for the degree for which application
has been made. These are degrees for students who are completing their
requirements at the end of the summer session. He said he was pleased to
recommend approval of PR 5A.

Professor Reedy noted that this list represents the highest figure of
doctoral productivity in the history of the University and moved approval of
PR 5A. Mr. Grayson seconded the motion, and it carried. (See PR 5A at the
end of the Minutes.)

M. Appointments to University of Kentucky Humanities
Foundation (PR 5B)

President Wethington said that PR 5B recommends that approval be
given to the appointment of William T. Young, Jr. and Donna S. Hall as
members of the Board of Directors of the University of Kentucky Humanities
Foundation for a four-year term beginning with the October 1997 meeting.
The Articles of Incorporation of the Humanities Foundation require that the
Board of Trustees consider individuals for appointment to the Kentucky
Humanities Foundation Board after being recommended by the Humanities
Foundation. He recommended approval of PR 5B. Mr. Chellgren moved
approval. His motion, seconded by Mr. Shoop, passed. (See PR 5B at the end
of the Minutes.)

N. Appointment of Dean of the College of Dentistry (PR 6A)

President Wethington asked Chancellor Holsinger to comment on the
appointment of the Dean of the College of Dentistry, Dr. Leon A. Assael.

Chancellor Holsinger said it was a pleasure to bring the report to the
Board. In December 1996 the current dean, David Nash, requested that he

- 10-

have the opportunity to return to the faculty at the close of the fall 1997
convocation of the College of Dentistry on August 20th. As a result of that
request, a search committee was developed and chaired by Dean Tom
Robinson of the College of Allied Health Professions.

Chancellor Holsinger said that the search committee and the
interviewers across the Medical Center strongly endorsed the appointment of
Dr. Leon A. Assael as the new Dean of the College of Dentistry replacing Dean
David Nash. Dr. Assael will assume the post as the sixth Dean of the College.
He comes to the University of Kentucky from the University of Connecticut
School of Dental Medicine where he currently serves as the Head of the
Department of Oral and Maxillofacial Surgery and as a faculty member in the
Department of Surgery in the School of Medicine. He is a 1971 graduate of
Columbia University and received a doctorate of Dental Medicine in 1975
from Harvard University School of Dental Medicine. He did his oral and
maxillofacial surgical residency at Vanderbilt University and after that
entered upon his career as an academic dentist.

President Wethington said it was his pleasure to support the
recommendation of Chancellor Holsinger and recommend to the Board that
Dr. Leon A. Assael be appointed Dean of the College of Dentistry effective
August 20, 1997. On motion made by Dr. Stumbo and seconded by Dr.
Meriwether, PR 6A was approved. Governor Breathitt said that the
appointment of the Dean of the College of Dentistry is approved
unanimously and with great gratitude for his arrival. (See PR 6A at the end of
the Minutes.)

President Wethington asked Dr. Assael to stand and be recognized,
following which he received a round of applause. Governor Breathitt
encouraged the Board to get acquainted with Dr. Assael personally after the
meeting.

0. Report of Leases (FCR 1)

Mr. Hardymon, Chairperson of the Finance Committee, said that the
Finance Committee met and reviewed nine items to present to the Board for
action. FCR 1 is the Report of Leases of value less than $30,000 per year. The
administration has already processed the leases and this is a report to the
Board. He noted there were seven new very small leases mainly involving
the Rural Health program but Hopkinsville Community College as well. He
said the leases are extremely competitive and moved approval of FCR 1. Mr.
Chellgren seconded his motion, and it passed. (See FCR 1 at the end of the
Minutes.)

11 -

P. Approval of Lease (FCR 2)

Mr. Hardymon said FCR 2 is the approval of a lease with a value of
$30,000 or more per year. This particular lease involves office/classroom
space for Somerset Community College, and the annual rate is $35,000. He
moved approval of FCR 2. His motion, seconded by Mr. Shoop, carried. (See
FCR 2 at the end of the Minutes.)

Q. Capital Construction Report (FCR 3)

Mr. Hardymon moved that the quarterly Capital Construction Report
for the three months ending June 30, 1997 be accepted. He said that this report
represents the tracking of capital construction projects and consultant projects
that are in some form of completion. The Finance Committee reviewed and
approved the report. Mr. Guthrie seconded the motion, and it passed. (See
FCR 3 at the end of the Minutes.)

R. 1997-98 Budget Revisions (FCR 4)

Mr. Hardymon said that FCR 4 is a quarterly report on revisions for the
budget. This report normally shows the stream of income and the Finance
Committee discusses the expenditures made in conjunction with the income.
He noted that FCR 4 is different and asked President Wethington to comment
on it.

President Wethington said he would like to comment on the $1.4
million which is an increase in the state appropriation that came to the
University very late in the 1996-97 fiscal year. He reminded the Board that
the administration was to come back to Board and ask for a recommendation
concerning the expenditure of $1.4 million for 97-98. It has been determined
that the best use of these monies for 97-98 would be the support of graduate
and research initiatives which get underway during 97-98 and signal that the
administration and the Board are very serious about the work this University
is doing to become a better research university moving toward top 20 status
among public universities.

He said FCR 4 proposes that the $1.4 million be expended during 1997-
98 in support of research and graduate initiatives. Specifically, those
initiatives are designed to recruit and retain the best and brightest graduate
students and, second, that these initiatives are those which will assist the
faculty to improve their research competitiveness in seeking external
contracts and grant support. Thirdly, that these monies be used for initiatives
to enhance the research environment, such as expansion and renovation of
our laboratories, assisting faculty teams as they work together to put together

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proposals for research contracts and grants, and bringing distinguished
scholars to campus.

He said that in those three areas in particular, the graduate student
area, the assistance to research faculty members, and the improving and
bettering of the research environment, the administration will dedicate the
$1.4 million in 1997-98 and let everyone know and understand that the first
discretionary money that has come to this institution will be dedicated to the
research and graduate mission which, in his opinion, is very important to the
University of Kentucky. He asked Professor Reedy to comment on the
research task force which he is chairing. He said Professor Reedy, as a
member of the Board, will be a person who can keep the Board well informed
about the research initiatives at the University.

Professor Reedy reported that the task force began its work
organizationally this past April and May. The task force has looked at the
context of the legislative action of May 30 and the legislation that was passed
at that time redefining institutional mission and directions and particularly
the goal of achieving major comprehensive research institution status. The
process now has begun at the grass roots. The task force has had considerable
input already from faculty moving up through the department level. There
have been several task force meetings, and the task force intends, by the end
of the fall semester, to have in President Wethington's hands a set of
priorities that will relate to research and graduate education. Those priorities
will identify the areas of strength of which we know we have many and look
for the areas that we know also have to be improved, but always keeping the
focus on our mission as a comprehensive university and on our role in
supporting the directions and needs of the Commonwealth. He said that this
is a culturalization process, getting the involvement of a lot of faculty in the
university. It is particularly important to note as a faculty member that this is
coming from the ground up and not a top down kind of process. This is, in
his opinion, a very important effort developmentally within the University
for us to identify the strategic areas that the institution feels it can definitely
move into national or international competitive status and that will also
serve the needs and directions of the Commonwealth in the future.

President Wethington thanked Professor Reedy. He said he wanted the
Board members to know of at least a couple of actions that are already
underway. One is the effort chaired by Dan Reedy which will identify those
research priorities and initiatives which will help this university move
forward more rapidly toward a better national status. And two, that this $1.4
million will be used in support of the graduate and research program.

- 13 -

Mr. Hardymon thanked President Wethington and Professor Reedy
and continued with his report on FCR 4.

Mr. Hardymon called attention to two other items in the budget
revision: $912,000 and $500,000. The $500,000 is part of a $600,000 allotment.
$100,000 was in the original budget. It is in support of the extended campus
engineering program in Paducah as part of the regional higher education
center. This is to run the facility and begin delivery of the program. The
second part is in the same area but involves a one-time situation. It is part of
an appropriation bill enacted during the May 1997 special session of the
legislature. It is $912,000 to equip the center with telecommunications and
computer equipment to support the teaching of the engineering classes there.
On motion made by Mr. Hardymon, seconded by Mr. Welenken and carried,
FCR 4 was approved. (See FCR 4 at the end of the Minutes.)

S. The Frederick Van Lennep Chair in Equine Veterinary Science
(FCR 5)

Mr. Hardymon provided an overview of FCR 5, 6 and 7. He said that
these three items involve the reclassifying from professorships to endowed
chairs. The University's policy is that when the professorship gets to a
million dollar amount they may be reclassified to an endowed chair. He
noted that FCR 5, 6, and 7 are in the equine area: the Frederick Van Lennep
chair, the John S. and Elizabeth Knight chair which was started in January 24,
1989 with an endowed grant of $850,000, and the Keeneland Association chair
which started with $200,000 in July of 1990. He moved approval of FCR 5, 6,
and 7. Mr. Shoop seconded the motion for FCR 5, and it passed. (See FCR 5 at
the end of the Minutes.)

T. The John S. and Elizabeth Knight Chair in Equine Veterinary
Science (FCR 6)

On motion made by Mr. Hardymon and seconded by Mr. Chellgren,
FCR 6 was approved. (See FCR 6 at the end of the Minutes.)

U. The Keeneland Association Chair in Equine Veterinary Science
(FCR 7)

On motion made by Mr. Hardymon and seconded by Mr. Grayson, FCR
7 was approved. (See FCR 7 at the end of the Minutes.)

14 -

V. A Resolution Authorizing the University's Investment of
Additional Funds in Health Associ