Caption: Board of Trustees Minutes - 1992
This is a reduced-resolution page image for fast online browsing.
EXTRACTED TEXT FROM PAGE:
UNIVERSITY OF ILLINOIS
The vice president for business and finance recommends the following resolution required by the U.S. Army be adopted and that the comptroller be designated to execute such bonds as may be required in the future, such bonds to be without surety. I recommend approval.
Whereas, under the provisions of an Act of Congress, the Secretary of Defense of the United States of America is empowered to issue to educational institutions maintaining units of the Reserve Officers' Training Corps supplies and equipment for said units provided that a bond for the care and safeguarding of said equipment and supplies is issued; Whereas, Government property (excluding uniforms and expendable supplies) valued at $252,662 has been or will be issued for the conduct of the ROTC program; Whereas, the Commander, U.S. Army Second ROTC Region, has determined that a current bond, with or without surety, in the amount of $269,000 is adequate for the care and safekeeping of bondable Government property issued. Now, Therefore, Be It Resolved, that the Comptroller be authorized to execute, make, and furnish to the United States of America a bond in the penal sum of $269,000 or the amount as determined from time to time by the Commander of the U.S. Army Second ROTC Region. Be It Further Resolved, that the above-named official be instructed and authorized to furnish evidence of organization (Charter or Articles of Incorporation) and documents required to prove financial responsibility for a bond without surety. And Further, that Mr. Derald Meier (UIUC), Mr. Clifton Sanchez (UIC), or others as designated from time to time by the Comptroller, representatives of this institution, be designated by separate letter to the Commander, U.S. Army Second ROTC Region, as Military Property Custodian, responsibile for requisitioning, receiving, storing, issuing, and accounting for all property furnished to the institution for ROTC activities.
On motion of Mr. Boyle, this recommendation was approved and the foregoing resolution was adopted by the following vote: Aye, Dr. Bacon, Mr. Boyle, Mrs. Calder, Mr. Downey, Mr. Grabowski, Mrs. Gravenhorst, Mr. Lamont, Ms. Reese; no, none; absent, Governor Edgar, Mrs. Shepherd. (The student advisory vote was: Aye, Mr. Begovich, Mr. Lawless; no, none.)
Renewal of Agreements, University of Illinois Alumni Association and University of Illinois Foundation
(20) Since 1982, the Board of Trustees has designated the Alumni Association and University of Illinois Foundation as University-related organizations and authorized basic service agreements for certain services. In June 1992, the board extended the existing agreements until such time as action on the University's Fiscal Year 1993 operating budget was concluded. Completion of the agreements for FY 1993 is now sought.
The agreement provides that the Association will provide management and supervisory services for data gathering, data entry, and maintenance of alumni records