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Caption: Board of Trustees Minutes - 1944
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1944] UNIVERSITY OF ILLINOIS 995 If such a member is a participant in the University Retirement System of Illinois, he may apply for the benefits to which he is entitled under that System. T h e University reserves the right to require acceptable evidence of illness or disability during the period that a member is receiving compensation from the University. This plan will become effective on September I, 1944. In initiating the plan, the member will be given credit for extended disability leave based on his preceding service, and it will be assumed that he has not used any portion of his accumulations. On motion of Mr. Davis, these changes were authorized as recommended. REAPPROPRIATION OF BALANCES (14) There is presented herewith a list of balances in appropriations made by the Board of Trustees from general University funds, for activities and projects not completed at June 30, 1044. Under the rules of the Board these balances lapse as of that date unless they are reappropriated. T h e amount represented by them is in the University Income Fund. The Comptroller requests and I recommend the reappropriation of these balances. UNEXPENDED BALANCES REAPPROPRIATED AS OF J U L Y I , 1944 Administration building changes and improvements Airport drainage, special appropriation Airport operation Architectural studies Atmospheric control pressure chambers Betatron research Coal conveyor Daniels portrait Educational program studies Faculty-graduate-student-center matching fund Graduate research—colloid chemistry Illinois Eye and Ear Infirmary Inventory records Land—Urbana and Chicago Microscopes—Chicago Minor improvements Post-war engineering studies Summer semester salaries University history Uranium purchase Volatile storage room Total $ 15 13 10 21 14 20 1 8 5 I 21 I 24 2 2 26 52 I 4 3 $255 700 921 300 676 876 211 500 375 965 852 190 400 400 867 328 900 500 800 000 100 9°° 761 O n m o t i o n of M r . D a v i s , t h e s e a p p r o p r i a t i o n s w e r e m a d e a s r e c o m mended, by the following vote: Aye, M r . Davis, M r . Fornof, M r s . Grigsby, M r , Jensen, M r . K a r r a k e r , M r . Livingston, M r . M c K e l v e y ; no, n o n e ; absent, M r . Green, D r . Luken, Dr. M e y e r , M r . Nickell. BOILER AND MACHINERY INSURANCE (15) On August 31, 1943, the Board approved cancelling the University's boiler and machinery insurance and rewriting it for three years at a cost of $6,982.62, less return premium and policy holders dividends of $5,13372, making a net cost of $1,848.90, the cost being about one-half the previous premium. T h e National Bureau of Casualty and Surety Underwriters in a recent letter announced that the rates on boiler insurance will be increased about 25% and on machinery about 10% as of July I, 1944. The Lumbermen's Mutual Casualty Company, the present carrier, is willing to extend the three-year policy, which expires August 1, 1946, a fourth year for the same rate, at an additional estimated cost of $2,327, less estimated 20%
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