Repository: UIHistories Project: Board of Trustees Minutes - 1942 [PAGE 298]

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UNIVERSITY OF ILLINOIS

295

(c) T h a t the Board of Trustees adopt a revised schedule of fees for the Chicago colleges, which will include special laboratory and building service charges sufficient to cover the operation and maintenance of the Medical, Dental, and Pharmacy Building, estimated at $54,000 per year, and the debt service on the proposed issue, amounting to $86,000 per year, which fees are to be pledged to these purposes. In this connection the Committee suggests that the tuition fee in the Chicago colleges be made uniform with that of the undergraduate colleges at Urbana. ( d ) That the Board authorize Messrs. Chester R. Davis and Karl Meyer to sign the bonds to be issued, for the purpose of conforming to the provisions of the Statute that such bonds are to be signed by the President and two other members of the Board, and attested and sealed by the Secretary of the Board. All bidders have been informed that these proceedings are subject to the approval by the Governor of House Bills Nos. 471 and 472 recently passed by the 62d General Assembly. FINANCE COMMITTEE

CHESTER R. D A V I S KARL MEYER

O. M. KARRAKER,

Chairman

On motion of Mr. Karraker, this report was adopted.

FEES IN COLLEGES OF MEDICINE, DENTISTRY, A N D PHARMACY

The Board considered the following recommendation presented by the President of the University.

In refinancing the indebtedness on the Second Unit of the Medical and Dental College Laboratories Building through a new bond issue it is necessary for the Board of Trustees to levy a specific fee or fees to cover the debt service, or amortization of the bonds, and the cost of operating and maintaining this building. T h e total annual income from such fee or fees must be equal to, and be pledged for, these charges, and will be placed in a separate trust fund. This does not require an increase in the total fees now paid by students in the Colleges of Medicine, Dentistry, and Pharmacy, but a re-allocation of these fees for various purposes. T h e University is authorized by previous acts of the General Assembly and by the legislation recently enacted and now pending before the Governor (House Bills 471 and 472) to levy whatever building or service charges are necessary for (1) building operation and maintenance, and (2) debt service or amortization of loans, in connection with bond issues for financing such buildings, in accordance with the provisions of these laws. Consequently, the Board has authority to levy specific fees or building service charges for the refinancing of the Medical and Dental Building. T h e new bond issue will require $86,000 a year for amortization, the same as the original issue; the estimated cost for building operation and maintenance is $50,000 a year, making a total of $136,000. On previous occasions the standing faculty Committee on Fees and Scholarships and the Board of Trustees have considered the possibility of making the tuition fees in the Chicago Colleges, for residents of Illinois, uniform with those charged in the Urbana Colleges, but the laboratory fees would run considerably higher. I submit herewith schedules showing (1) the present fees charged in the Chicago Colleges, and (2) proposed fees to be effective September 1, 1941, prepared by the Comptroller. T h e plan of uniform tuition fees ($80 a year for residents of Illinois and $160 a year for non-residents, which is the new schedule of tuition fees recently established by the Board for the undergraduate colleges at U r b a n a ) has been applied in setting up this new schedule, in accordance with the suggestion made by the Finance Committee of the Board. After providing this amount of tuition and setting up the building service and laboratory charges necessary for the annual amortization charge, there remain in the present total of fees charged in each of the Chicago Colleges certain balances which have been set up as general laboratory fees. T h e total of fees in each college remains the same as at present, allowing for the proposed new schedule of fees for the first year in the new curriculum in the College of Pharmacy, recently recommended by the dean of that division.