Minutes of the Meeting of the Executive Committee of the Board of Trustees of the University of Kentucky, Tuesday, August 15, 1978. The Executive Committee of the Board of Trustees of the University of Kentucky met at 2:00 o'clock (EDT) on Tuesday, August 15, 1978, in the Board Room on the 18th floor of the Patterson Office Tower on the Lexington campus with the following members answering the call of the roll: Mr. William B. Sturgill, Chairman, Mr. William R. Black, and Mr. Albert G. Clay. Mr. Richard E. Cooper and Mr. George W. Griffin were not present. Dr. Paul G. Sears, Ex-Officio Secretary, was present as were Mr. L. D. Gorman and Mr. Eugene Tichenor, Board members. The administration was represented by President Otis A. Singletary; Vice Presidents Lewis W. Cochran, Robert Zumwinkle, Stanley Wall, Peter P. Bosomworth, Jack C. Blanton, and Donald B. Clapp; and Mr. John Darsie, Legal Counsel. Members of the various news media were in attendance. A. Meeting Opened The Chairman called the meeting to order at 2:00 o'clock. The invocation was pronounced by Professor Sears. Professor Sears then called the roll and reported a quorum present. The meeting was declared officially open for the conduct of business at 2:02 p.m. B. Minutes Approved On motion duly made, seconded and carried, the reading of the Minutes of the July 7, 1978, Special Called Meeting of the Executive Committee of the Board of Trustees was dispensed with and the Minutes were approved as published. C. President's Report to the Trustees (PR 1) President Singletary reviewed briefly the items in his monthly report to the Trustees, calling particular attention to the almost five million dollar increase in funds received through the University of Kentucky Research Foundation during the fiscal year 1977-78 over the previous fiscal year. Since no action is required on PR 1, the Chairman accepted the report and ordered it filed. D. Recommendations of the President (PR 2) President Singletary noted that the items in PR 2 were routine and recommended its approval as a whole. On motion by Mr. Clay, seconded by Professor Sears and passed, PR 2 was approved as a whole and ordered made an official part of the Minutes of the meeting. (See PR 2 at the end of the Minutes.)