June 20, 1997 Summary

Board of Regents

SUMMARY OF ACTIONS

Annual Meeting of the

University of Alaska Board of Regents

June 20, 1997

Dillingham, Alaska

SUMMARY OF ACTIONS

1. Election of Officers

PASSED:

The Board of Regents elects the following officers for FY98:

President: Michael P. Kelly
Vice President: R. Danforth Ogg
Secretary: Mary Jane Fate
Treasurer: Chancy Croft

This motion is effective June 20, 1997.

2. Approval of Industrial Security Resolution

PASSED:

The Board of Regents approves the adoption of the security clearance resolution providing for designation of a managerial group as described in the 'Industrial Security Manual for Safeguarding Classified Information' for the purpose of handling all duties and responsibilities relating to classified information. This motion is effective June 20, 1997.

3. Approval of Meeting Schedule for FY99

PASSED AS AMENDED:

The Board of Regents approves the FY99 Meeting Schedule as amended with the August 1998 meeting to be held at a rural campus, campus to be determined at a later date. This motion is effective June 20, 1997.

4. Approval of Policy 05.12 - Facilities

PASSED:

The Board of Regents adopts the revisions to Regents' Policy 05.12 - Facilities, as presented in Reference 2. This motion is effective June 20, 1997.

5. Approval of the Fairbanks North Star Borough Master Plan, West Valley High School Site, Fairbanks

PASSED:

The Board of Regents approves the proposed Fairbanks North Star Borough Master Plan for the development of the West Valley lease site. This motion is effective June 20, 1997.

6. Approval of Concept for UAF Geist Road/Loftus Road Campus Entrance

PASSED:

The Board of Regents (1) approves the concept of relocating the UAF campus entrance from Fairbanks Street to Loftus Street and contributing the road right-of-way at no cost to the state, and (2) authorizes the administration to work collaboratively with the Department of Transportation to develop the project and subsequently submit it for approval by the Board of Regents. This motion is effective June 20, 1997.

7. Authorization of Bond Sale for UAS Housing and UAF's International Arctic Research Center and Approval of Bond Resolution and Indenture

PASSED:

The Board of Regents adopts the bond resolution regarding the UAS Housing and UAF's International Arctic Research Center as presented. This motion is effective June 20, 1997.

8. Approval of Land-Grant Endowment Trust Fund Investment Policy

PASSED AS AMENDED:

The Board of Regents rescinds policies 05.05.01(B), 05.05.02(B), and 05.05.03 through 05.05.07 pertaining to investment of land-grant funds which are rendered irrelevant by the Consolidated Fund Agreement and related investment policy; approves the Consolidated Fund Investment Policy in Reference 6C as attached; and authorizes the university president to execute a consolidated fund agreement with the University of Alaska Foundation substantially of the form and content of Reference 6B as attached. This motion is effective June 20, 1997.

9. Approval of Technical Corrections to Human Resources Policies

PASSED AS AMENDED:

The Board of Regents approves the technical corrections made to Regents' Policy Part IV - Human Resources, as presented in Reference 9 and as amended by the Human Resources Committee. This motion is effective June 20, 1997.

10. Approval of the Distribution of the FY98 General Fund Operating Budget

PASSED:

The Board of Regents approves the distribution of the FY98 general fund operating budget appropriation as presented in Reference 13B. This motion is effective June 20, 1997.

11. Approval of the Distribution of the FY98 Capital Budget

PASSED:

The Board of Regents approves the distribution of the FY98 capital appropriation for “Deferred Maintenance, Code Compliance, and Renovation” as presented in Reference 14B with the stipulation that these funds be used exclusively for work associated with deferred maintenance/code compliance projects. This motion is effective June 20, 1997.

12. Approval of a One Year Partial Waiver of the Deferred Maintenance Policy

PASSED AS AMENDED:

The Board of Regents approves the suspension of the deferred maintenance policy for FY98 and that:

1. the policy be revised to extend the date from FY2001 to FY2002;
2. the FY98 proposed budget be changed from $17,824.0 to $16,594.3; and
3. the funds saved by this deferral of policy be used for academic programs at the discretion of the university president.

This motion is effective June 20, 1997.

13. Approval of the FY98 Budget Plan

PASSED:

The Board of Regents approves the FY98 operating budget spending plans as presented to the Planning and Development Committee. This motion is effective June 20, 1997.

14. Approval of the FY98 Student Government Budgets

PASSED AS AMENDED:

The Board of Regents approves the FY98 student government budgets as presented in Reference 16 and as amended by the Full Board. This motion is effective June 20, 1997.