xt7r4x54fv12 https://exploreuk.uky.edu/dips/xt7r4x54fv12/data/mets.xml Lexington, Kentucky University of Kentucky 1961044 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, 1961-04-apr4. text Minutes of the University of Kentucky Board of Trustees, 1961-04-apr4. 1961 2011 true xt7r4x54fv12 section xt7r4x54fv12 Minutes of the Meeting of the Board of Trustees of the University of Kentucky, April 4, 1961. The Board of Trustees of the University of Kentucky met in the Pres- ident' s Office on the campus of the University at 10:05 a. m. , EST, Tuesday, April 4, with the following members present: Robert P. Hobson, Vice Chairman; W. F. Foster, Clifford Smith, Dr. Ralph J. Angelucci, Floyd H. Wright, Robert H. Hillenmeyer, Dr. Paul B. Hall. Dr. R. W. Bushart, Emerson Beauchamp, Dr. H. B. Murray, Dr. Aubrey Brown and Dr. Thomas D. Clark. Absent: Governor Bert T. Combs, Harper Gatton, J. Stephen Watkins, Mrs. Paul G. Blazer and Wendell Butler. Also present were President Frank G. Dickey and Secretary Frank D. Peterson. A. Meeting Opened. The meeting of the Board of Trustees was called to order by Mr. Robert P. Hobson, Vice Chairman. He introduced Rabbi Joseph Rosenbloom who opened the meeting with prayer. B. Approval of Minutes. On motion duly made, seconded and carried, the minutes of the Board of Trustees of December 13, 1960; and the minutes of the Executive Committee of January 20, February 17 and March 17, 1961, were approved as published. C. Issuance and Sale of Revenue Bonds Authorized. Board member Clifford Smith introduced and caused to be read in full a proposed Resolution, as follows: "A RESOLUTION OF THE BOARD OF TRUSTEES OF THE UNI- VERSITY OF KENTUCKY PROVIDING FOR PUBLIC SALE OF THE $300, 000. 00 ' UNIVERSITY OF KENTUCKY HOUSING BONDS OF 1960' AS AUTHORIZED BY A RESOLUTION ADOPTED BY THE BOARD ON DECEMBER 13, 1960; AUTHORIZING PUBLICATION OF PROPER NOTICE THEREOF; AND APPROVING THE MATERIAL TO BE FURNISHED TO INTERESTED BIDDERS UPON REQUEST, AS TENDERED BY THE VICE PRESIDENT FOR BUSINESS ADMIN- IST RATION. Of WHEREAS,at a regular meeting held on December 13, 1960, the Br d ed a certain resolution authorizing the issuance, 2 sale and delivery of Three Hnndred Thousand Dollars ($300, 000. 00) "University of Kentucky Housing Bonds of 1960" for the purpose of financing the construction of a Project consisting of two new build- ings for housing approximately ninety-six (96) male students, including dining facilities with necessary appurtenant facilities, such authorization being in conformity with the Boards s Loan Agree- ment with Housing and Home Finance Agency of the United States Government, identi.fied as .HHFA Project CH-KY-39(D), reference to said Resolution being hereby made for details; and WHEREAS, funds have been advanced from other sources and applied to the construction of said Project and the same is nearing completion so that. it is in order for the Board to proceed at this time in the offering of said bonds at an advertised, public. competitive sale in the manner required by law and as particularly set forth in Section 3 of the aforesaid Resolution, and the same has been recom- mended to the B(-card bv the Univeersity' s Vice President for Business Administration; an.d WHEREAS the Vice President fir Business Administration has also tendered for apprcval certain instruments proposed to be furnished to interested bidders upon request, for thie purpose of providing full information with regard to the bonds, the security therefor, the terms and conditions upon which purchase bids will be received, and general information regarding the University, and said instruments are found to be in order; NOW, THEREFORE, THE BOARD OF TRUSTEES OF THE UNI- VERSITY OF ENTUCKY HEREBY RESOLVES, ASL FOLLOWS: Section 1. The Three Hundred Thousand Dollars ($300, 000. 00) flunirv=rsiof Kentucky Housing Bonds of 1960",. as authorized by a Resolution adopted by this Board a.; a. meeting held on December 13, 1960, shall be offered a.1: public sa.le upon thie basis of sealed, com- petitive bids in accordance with the Board' s Loan Agreement with Housing and Home Finance Agency of the Uniired States Government, relating thereto, such bids to be received in the office of the President of the University until trhe day of , 1961, at the hour of a which7time. th e bids shall be opened, cdng-M-ered a acted u~pen by this Board, or by its Executive Committee if thle Board is not then in session, which Executive Committee is haerebyfu1j a uorized to take aii action necessary and appropriate in the consideration of bids, accep"'ance or rejection of bids, and establisb.ment of interest coupon raites. Section 2, The Vice President for Business Administration having tendered certain instrumern.s proposed to be used in connection with the public a.rcvert~ising of s -ch sale and for providing to interested bidders :adequate information with. regard thereto, she same having been prepared under th.e supervision of the Vice President for Business Administration by Grafton, Ferguson & Fleisc-Iner, Ithe Boardv s bond counsel, and the same consisti.ng of a "Notice of Sale of Bonds, "t a "Statement of Terms and Cond..Alons of Bond Salem and an "tOfficial Statement of th..e Board of ' ruskees of the University of Kentucky, "t 3 and said instruments being found to be in proper order, the same are hereby approved and are hereby authorized to be used for the intended purposes. The Secretary of this Board is now authorized to cause the aforesaid "'Notice of Sale of Bonds"f to be published as provided in Section 3 of "he aforesaid Resolution of December 13, 1960, by which the issuance of said bonds was authorized. Section 3. This Resolution shall. be in full force and effect immediately upon its adoption. ADOPTED BY THE BOARD OF TRUSTEES OF THE UNIVER YOton ApRI 4,19 6 1. ATTEST: h airman _____________________ ~Board of Trustees Secretary University of Kentucky and moved that all rules be suspended, and that said proposed Resolution be adopted, which motion was seconded by Board Member Robert H. Hillenmeyer, and said motion having been. duty considered, the Vice Chairman put the question of the adoption of said Resolution, and the following voted: Voting "Aye": Dr. Ralph J. Angelucci Mr. Robert Hillenmeyer Hon. Emerson Beauchamp Mr. Robert P. Hobson Dr. R. W. Bushart Dr. H. B. Murray Mr. William F. Foster Mr. Clifford E. Smith Dr. Paul B. Ha.ll Mr. Floyd H. Wright Voting "Nay": None. Whereupon, the Vice Chairman declared the said motion duly carried and said Resolution duly adop'-ed, D. Agreenenti with Hercules Powder Company Aproved. Mr. Peterson submitted Agreement for field test and evaluation between the Hercules Powder Company and the University of Kentucky, Department of Entomology, whereby the University will receive $500. 00 to support field testing and evaluation studies related to the effectiveness of toxaphene sprays and granules for control of corn and sorghum insects, including corn earworm, corn borer, webworms and soil insects. Mr. Peterson recommended that the contract be approved for a period of January 1 to December 31, s1961. 4 Upon mot-on duly made, seconded and carried, the contract was au- thorized approved and executed. E. Contract with Merck & Company, Inc., Authorized Approved. Mr. Peterson stated to the Board that the Executive Committee on Febru- ary 17, 1961, accepted a gift check in the amount of $Z2500. 00 from Merck, Sharpe and Dohme Research Laboratory which was treated as a gift but, in reality, is a purchase of research work to be done. He stated that Merck and Company want to reserve certain rights and privileges in exchange for setting up this phase of a study with KM-360. The contract provides that the University (1) will conduct an investigation and study of anthelmintic MK-360 against internal parasites of domestic animals in accordance with an outline to be agreed upon by the Experi- ment Station and Merck and Company; (2) give four months notice to Merck prior to publishing the results of the research; and (3-) give to Merck a non-exclusive, unrestricted license to practise the inventions covered by the claims of any letters patent which may issue on which Merck has borne the expense. A reason- able royalty is to be paid to the University on net sales. Mr. Peterson recommended that, since this is a grant for research work and not a gift to the University, this correction appear in the Minutes of February 17, 1961, and that this Agreement be approved and authorized executed. Upon motion duly made, seconded and carried, the Agreement was approved and authorized executed on behalf of the University. F. Agreement with Garda Farms, Dublin, Ohio, Approved. Mr. Peterson submitted to the Board a Memorandum of Understanding by the Garda Farms and the University of Kentucky setting forth conditions of sale of an Aberdeen-Angus bull, U.K. Whitneymere, 118th registration No. 3037930, calved September 12, 1959. He explained that the niversity-had raised the subject bull and was willing to sell two-thirds interest in it, and the Garda Farms, Dublin, Ohio, was willing to buy two-thirds interest for $2, 300. 00. He explained that the Agreement provides that the University retain a one-third interest in the bull and the right to collect semen. The Garda Farms will maintain the bull on their farm at no expense to the University. A purchase option if either party desires to sell is included. Mr. Peterson recommended that the sale agreement be approved, and upon motion duly seconded and carried, the sale agreement was approved and authorized executed. G. Agreement between Salmon Corporation and University of Kentucky Approved. Mr. Peterson submitted a contract agreement between Salmon Corpora- tion, through the Mereworth Farm, Fayette County, and the University of Kentucky whereby the University would acquire one-half interest in a registered Hereford bull, Silver Prince 194th, No. 11077186, with one-half interest being retained by Salmon Corporation. 5 Under the agreement the University will keep and care for the bull for a period of not less than three years before it may dispose of its interest unless the bull is later determined to be sterile or diseased or dies. Each party shall have equal rights to use the bull artificially or naturally. Mr. Peterson explained that the purpose behind this purchase is to make it possible to test whether or not certain bulls can transmit beefiness or meatiness to other animals and, by having an interest in three or four bulls at the same time, much progress can be made on the project. He explained that this bull happens to be a Hereford but the project encompasses meat cattle in general. He also reported that the University desired to pay $3,500. 00 for one-half interest in the bull under the above conditions enumerated. He stated that this price seemed to be in line with those being paid for animals of this blood line, type, quality and performance record. Upon motion duly made, seconded and carried, the purchase was authorized and the contract was approved and authorized executed. H. 1961-62 Internal Budget Approved. President Dickey presented the 1961-62 internal budget of the University of Kentuck''-fo6i 'the five major divisions and related funds, with a recommendation that the budget be adopted as a basis of maximum expenditures for the year, that the inclusion of the name of any person in the budget not be considered as a con- tract of employment and that the Board of Trustees or the Executive Committee be authorized to make such changes in the budget as may from time to time be deemed necessary. He stated that the budget had been mailed to members of the Board of Trustees on March 24 for their study and consideration. The following statement was included in the budget document: INTRODUCTION The 196 1-62 proposed budget of the University of Kentucky is being pre- sented to the members of the Board of Trustees for their consideration and ap- proval. This is your personal copy. in compliance with a resolution of the Board, this budget document is being sent to you prior to the Board meeting for your consideration. Please study this comprehensive budget document of the General fund operations for the ensuing year and bring it with you to the Board meeting on April 4, 1961. Upon approval bv the Board of Trustees the budget document will be recorded as an integral part of tae University? s financial system. The necessary fiscal control will be exercised for the collection and appropriation of income and the expenditure of departmental appropriations in accordance with the existing fiscal policies and procedures. How hisB ud et Was P ret-a red~ The Deans of the various colleges and the Directors of other facets of the University were asked in ;January of this year to submit to the President their budget needs for the fiscal year 1961-62 with data to support their request. These Administrators, after consulting the department heads and supervisors of the various units, submitted programs and supporting information with total budget 6 request necessary to carry out their existing and envisioned programs. This Information was studied by the President and his budget committee. The estimated resources of the University for 1961-62 were ascertained and a distribution of available funds was made to the various colleges and divi- sions after each Dean or administrative officer conferred with the President. A definite sum of money for each program was allotted. The Dean of each college or Director re-evaluated the program for each college department and division in the light of the funds available. In each case a detailed budget was prepared by the head of each department and each Dean, and submitted to the President for review and final consideration. Each budget request was checked by the staff for accuracy and compli- anrc with instructions distributed. Each Dean or Director individually met with the President and his budget committee, at which time each program was again evaluated. After individual conferences in which each budget received group consideration, final presidential recommendation was indicated. The University budget was then compiled and prepared in its present form, consisting of two volume s. Therefore, this General fund budget is a product of three months of study, preparation, and recommendations involving more than 225 persons re- sponsible for the major administrative divisions and departments for programs of the total University. It should be understood that this is a consolidated General fund budget for the University and the summary of figures following in these comments refers to the five major divisions of the University, through which the funds are admin- istered; towit 1. Colleges and Administration 2. Medical Center 3. Geological Projects (See Exhibit A) 4. Agricultural Experiment Station 5. Agricultural Extension Service Budgets for Restricted funds are reported in Volume I. These gifts, grants, research contracts, auxiliary and service enterprises are budgeted sep- arately and accounted for individually in keeping with the trust, contract and self-sustaining operation, Separate reports are made to appropriate sources in compliance with approved agreements. These operations are audited monthly, semi-annually, and/or annually as required or deemed necessary for proper accounting and control. The University of Kentucky Athletic Association, The Kentucky Research Foundation, and the Thomas Poe Cooper Foundation are separate corporations. The funds of these corporations are not included in this budget, except as they may be transferred to the University as grants. Each Corporation is managed by a separate Board of Directors. 7 I General Fund Budget The University of Kentucky General Fund Budget provides for the cur- rent operation and maintenance of the Division of Colleges and Administration, Medical Center, Geological Projects, Agricultural Experiment Station, and Agricultural Extension Service. The Exhibit A sets forth a comparison of the General Fund statement of estimated income and expenditures for the fiscal years 1960-61 and 1961-62, This comparison is made by major budget unit and reflects the estimated income by source, anticipated expenditures by func- tion, and an analysis of the expenditures by object. The estimated income for 1961-62 is $21, 264, 084. This is an increase of $3,667,949 over the estimated income for the fiscal year ending June 30, 1961. An analysis of the increase in income by source for each major budget unit is as follows: Gene-ral Fund Budget Units 1961-62 Colleges Agr. Agr. Total and Medical Geolog. Exper. Exten. Source- Increase Adminis. Center Projects Station Service Student Fees Comm. of Kentucky Fed. Govt. Sales and Services G rant s Total Increase $ 76,870 $ 32,300 $ 44,570 $ $ $ 3,486,999 1,274,899 1,531,700 300,000 147,400 233,000 2,555 2, 555 74,800 49,800 25,000 26,725 26, 725 $3,667,949 $1, 336,479 $1, 626, 070 $ 300,000 $ 172,400 $ 233,000 The increase in income from Student Fees is based upon an expected rise in student enrollment on-campus and off-campus. This increase in income will be realized on-campus from the nine Colleges and Graduate School. The off-campus increase in student fees is expected from the rise in enrollment within the five existing centers (Ashland, Fort Knox, Northern, Northwest, and Southeast). Also additional increases in income are anticipated from evening and extension classes and home study. Pages 2 and 3 reflect a more detailed analysis as to the various sources of income for the major budget units for the fiscal years 1960.6l and 19 61-62. The state appropriation increase in income represents the amount recom- mended by the Governor and appropriated by the State Legislature for the second year of the current biennium budget request, except for the $247,699 shown on page 2 as a receivable-debt service costs for the Consolidated Educational Buildings Bond Issue. The University of Kentucky and the State Department of Finance have agreed to include this amount in the coming biennium budget request. The increase in grants from the Federal Government will be made through the Smith-Hughes and related Acts. These funds are used in the College of Education for the Vocational Education Programs. 8 The estimated increase from Sales and Services is from educational departments and Medical Center Hospital, farm sales, public services, and regulatory sales and services. The sources are detailed within each division on page 3. The proposed expenditure for the 1961-62 fiscal year is $21, 263,477. This is an increase of $3,617,027 over the estimated expenditure for the fiscal year ending June 30, 1961. An analysis of the increase in expenditures by function for each major budget unit is as follows: Function- Gen. Admin Offices Stud. Services Staff Welfare Gen. Institut. Services Instruc. & Dept Research Organized Research Public Serv. Libraries Operation & Maint. of Phys. Plant Equip. & Bldgs. Alt. & Improve- ment of Bldgs Service Enter- prises Hospital Operation of Farms &z Sub. stations Debt Serv. Cost Debt Service Reserve General Fund Budget Units 1961-62 Total Colleges Agric. Agric. Increase & Admin- Medical Geolog. ExRer. Exten. (Decrease) istration Center Projects Station Service $ 9 3, 352 $ 74, 130 25, 381 31, 335 $ 37,980 15, 000 328, 591 326, 301 64,890 $ 36, 150 17,450 $ 3,907 $ (6,780) 1,439 (8,508) 2, 29 0 1, 086, 677 43 0, 661 656, 016 129, 006 587,444 61, 821 7, 845 Z3, 075 5 0,950 339,398 144,000 ( 50, 000) (50, 000) (9 1, 200) 31 , 375 661, 748 25 2514 19 ., 000 8,471 121, 161 300, 000 16, 281 2, 200 193,200 248, 088 200 2, 198 (50, 000) (41, 200) 4, 320 19 1, 000 27, 05 5 661, 748 25, 214 123, 090 123, 090 Total Expendi- ture Increase $3, 617, 027 $1, 285, 557 $1, 626, 070 $ 300, 000 An analysis of the increase shown above reflects the total increase in costs of programs and activities of an exact or similar classification of service. These totals include the costs for personal services, current operating expenses, pur- chases of equipment, and payment of interest expense and retirement of bonds. $172,400 $ 233,000 9 In addition to the above analysis by function, included on the following page is a schedule showing the expenditure increase over the fiscal year ending June 30, 1961 for each of the major budget units by object or nature of expenditure. General Fund Budget Units 1961-62 Object Personal Se rvic e s Ope rating Expense s Equipment & Improve. Debt Servirce Total Increase (Decrease) Uollege s & Admin- istration Medical Center Agric. Geolog. Exper. Projects Station Agric. Exten. Service $2,701,094 $ 698,705 $1,544,556 $ 400 $ 174,188 $ 283,245 683, 287 307, 888 80, 224 203, 090 42, 730 (49 ,645) (81,444) (35,126) 1,290 (2,490) (44, 518) (600) 315,090 314,090 Total Expendi- ture Increase$3,617, 027 $1,285, 557 $1,626,070 $ 300,000 $ 172,400 $ 233,000 The increase in personal services of $2, 701, 094 was used primarily for salary adjustments of the University personnel presently employed, with the excep- tion of the Medical Center, where the use was for salary adjustment and depart- mental staff expansion. A limited amount was appropriated for additional personnel in the Division of Colleges, Agricultural Experiment Station and Agricultural Exten- sion Service for expansion and new services. An analysis of the proposed mean annual salaries by rank for 1961-62 are shown as follows: Division of Colleges and Experiment Station As sociate Professor Professor $11,358 $ 8,186 Assistant Professor Instructor $ 7,833 $ 6,633 Medical Center: Dentistry Medicine Nursing 15,500 14,000 18, 096 15,029 8,792 Agricultural Extension Service: County Agent Home Demonstration Agent Agent r74 6, 250 12, 000 12, 612 6, 842 Associate Assistant 5,761 5,325 9, 078 6,150 10 The mean salaries in Land Grant Institutions in the United States for 1960-61, not including professional schools, were Professor $11,590, Associate Professor $8,90O, Assistant Professor $7,500 and Instructor $5,700. The increments for 1961-62 throughout Land Grant Institutions in the United States will further raise these averages. Current operating expenses increased in the amount of $683, 287, and will provide for departmental expansion, new services, and the mounting cost of utilities, materials and supplies, and interest expense. II. Auxiliarx Enteurises Estimated income from the operation of residence halls for the fiscal year 1961-62 totals $835,696. Appropriations for the operation and debt service charges total $831,437. The unappropriated income balance is a reserve for future debt service charges and vacancy losses. Total Pe rsonal Appropriations Services Operating Debt Expenses Service Residence Halls Men' s Residence Halls Women' s Residence Halls Women' s Residence Halls- Commissary Total $ 368,553 $ 58,977 $109,510 $200,066 324,514 90,764 123,750 110,000 138,370 55,200 83, 170 $ 83 1, 437 $204,941 $316, 430 $ 3 10, 066 Additional detail pertaining to the residence halls will be found in the summaries on pages 3 and 5 with income and expenditures by each dormitory on pages 126 through 135. III. Plant Fund The $1,516,077 needed to meet the 1961-62 bond indebtedness obligation is shown below: Funds Provided From Student Fees General Stores Auxiliary Enterprises Restricted Fund Transfers Rental Income Total Amount $ 680, 387. 00 23, 503. 00 310, 066. 00 288,889.00 213, 232. 00 $1, 516,077. 00 I 1, 5 1 11 The detail of the appropriation request to meet the 1961-62 bond commitments is as follows: Particulars Amount Retirement of Bond T 0 Interest on Bonds Out- standing 69 2, 608. 15 Trustee Fees (bank charges) 2,546.63 Sinking Fund Reserve 262,422.22 Total $1, 516, 077. 00 IV. Restricted Funds The Board of Trustees has authorized the establishment of various funds classified as Restricted or Trust Funds (Kentucky Revised Statutes 41. 290). The Board directed that these ~9private funds and contributions" be retained and deposited in a local bank. Budgets are included herein for most of these monies. After the adoption of this budget, the acceptance of additional funds by the Board of Trustees, during the fiscal year 1961-62, is considered authoriza- tion for spending funds in accordance with the terms of acceptance. President Dickey made the following supplemental statement to the Board: In the section under the title of "'How This Budget Was Prepared" we have tried to indicate to you the care that has gone into the preparation of this budget, the number of people that have been involved in various ways in preparing this detailed budget. I think it is worthy of note that a budget is not a one, two or three-man job, but as is indicated here, the study, prepara- tion, and recommendations involve more than 225 persons who are responsible for the major administrative divisions, departments, and the various programs of the University. . . . The summaries are contained in the introductory statement indicating the increases by function and also by source of income; then indicating the major budget increases by object and nature of expenditure and finally a summary of the proposed mean salaries by rank for the 1961-62 year, I would like to comment just briefly on that particular point because we have for some time been "singing the bluesvl about the rank we have with other states. We are exceedingly proud that these increases for the year in which we now find ourselves and the year of this proposed budget bring us to the levels that are comparable and even slightly above, in some instances, the national average for comparable institutions. That includes the land-grant institutions and the state universities. 12 Obviously if you pick te e oza r twelv irhstitu-ons and compare them with our institution you can do almost anyhinig you want to. You could pick out the ten lowest paying and we would appear exceeding- ly well off, You could pick out the ten institutions that pay the highest salaries and we are bel ow those salaries, n terms of a nation-wide picture we are now at the mean salary level in comparison with these institutions for 19960-61, We are proud of this gain in salary levels. There i s one other thing 'hathe . . would like to comment upon briefly that is not contained in this inttrductory material, Some of you may have wondered about increases which have appeared to be abnormally large as compared with otherss, and in order to explain this I need to give you just a little bit of background information, In the self-study of the Uni-v7,ersity completed 'last. year the following statement was made with reference to the practice of adding incentive pay for contract research, The quote is I The University should study its growing program of contract research in terms of its effect on teaching efficiency. In particular it should re-examine its position with respect to incentive pay". Th1'en after we had completed the self-study, the visiting cormmittee, which reviewed the University' s self-appraisal, made this statement: "It is important that the atmosphere of the Unniversity campus be one in which intel- lectual curiosity and the will to know what is happening at the boundaries of knowledge prevaiils One of the criticisms which has come to the attention of the com mittee from se;. lraJ sources is that many members of the facu"ttv of the Uni.versity of Kentucky consider research study as a kind of ext-racurricular activity for which they have no responsibility. Teaching is, on. the who.e, well and com- petently done, but there does no' seem to be the general awareness for the responsibility for research ch i3-.ievement. The administration should be commended for making av-ailable funds for the support of faculty research projecths T'Iese funds, though modest in amount, have been effective in stimule.':ing interest in reseanrch. and encouraging the efforts of those who h'ave o rigina.l investigations under way. There appears to be gener7.1 anproval of Abe Research Foundation and the methods it is using to encourage rreseu-rcr-h activities, Adequate coordination exists between thee Research Fou-zdatlon and the Graduate School to enhance the effec iveness of bt: ogencies and research planning. There a7re, owe,,er, some aspec:ts of "he research program which need reexamination an.r.d thcough.vul ap'praisa0l, One of these is the policy of Permitting fact'fy members wh(O obtain research gxants to receive some comnensaticn beyond their academic salaries from the grant fuinds, The unfortunr..te implic-.tions of such practices are obvious. Our own faculty commit:ee and the Southern Association visiting committee recommend thot the research incentive,- pay policy be changed, effecive Suty I, ;96t, . . .An amounr: equivalent to approx- imately the av^rers.ge of irncervive pay over the Iast four years has been added to the base salary of Chose professors who a;re affected by this change in cortract research policy. Tbais increase will be a permanent increase to the base salary of those individuals and will, not be dependent. upon 'the cor.:inu--!tion of -artric-wl~ar research projects. It is not intended th: suc.h. researcj ucreases will, take the place of any merit increases whic1 might be possible this yeor, . 13 Th.e change in policy certainly should not reduce the amount of contract research undertaken at the University of Kentucky. In fact, it is felt that an increase will follow. . . Persons beginning the research increase system this July will come up for review for upward increase from year to year. . . It is our hope that this program will mate