Minutes of the Meeting of the Executive Committee of the Board
of Trustees, University of Kentucky, January 24, 1947.

     The Executive Committee of the Board of Trustees of the Uni-
versity of Kentucky met in the President's Office at 10t30 a.m., Fri-
day, January 24, 1947. The following members were present: Judge
Richard C. Stoll, Chairman; H. D. Pnlmore, Thomas Cutler and J. C.
Everetti President H. L. Donovan and Comptroller Frank D. Peter-
son, Secretary of the Board of Trustees, were also present.

     A. Approval of Minutes.

     Upon motion duly made, seconded and carried, the minutes of
the Executive Committee of November 15, 1946, were approved as pub-
lished.

     B. Proposed ROTC-Navy Building.

     It was reported that the Navy Department might desire to erect,
on the campus of the University of Kentucky, a building to be used
for the ROTC. The eventuality of such a request was discussed, and
upon motion duly made, seconded and carried, President Donovan was
authorized to confer with the Navy Department, and was given full
power to act on any requests the Navy Department might make of the
University with reference to erecting a building on the campie of
the University of Kentucky, to be used by the ROTC unit.


     C. Report of the Comptroller.

     The Comptroller submitted the regular monthly financial report.
He read a brief analysis and explained the report in detail,

     Upon motion duly made, seconded and carried, the financial op-
erating report was ordered accepted and filed.


     D. Funds Advanced by Federal Works Agency Ordered Repaid.

     The Comptroller reported that, by authority of the Executive
Committee, an application for advance of funds for plans and speci-
fications of the Fine Arts Building was made to the Federal Works
Agency and approved. Since the date of approval of the application
and the receipt of funds from the Federal Works Agency, the appropri-
ation made by the State for capital outlay purposes has become avail-
able, and it does not now seem necessary to use funds advanced by
the Federal Works Agency.