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Caption: Board of Trustees Minutes - 1994
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1996] UNIVERSITY OF ILLINOIS 541 Federal statutes permit a state or political subdivision of a state to enter into the wholesale electric market through a corporation or association which is wholly owned, directly or indirectly, by it and which meets certain other qualifications. It would appear that substantial savings could be accomplished by entry into the wholesale wheeling of electricity. The University cannot participate in wholesale wheeling as the ultimate consumer. It can participate through a not-for-profit corporation that owns or has control of its distribution facilities. It is recommended that the president and vice president for business and finance be authorized to proceed with the establishment of a not-for-profit corporation under the laws of Illinois which will be wholly owned, directly or indirectly by the University, the purpose of which will be to limit the burdens of government by acting solely to benefit and to provide support for the University of Illinois through the delivery of comprehensive, reliable, and economic utility services to the several campuses of the University. Upon dissolution of the corporation, the assets shall be distributed to the University of Illinois. I concur. On motion of Mrs. Gravenhorst, this recommendation was approved by the following vote: Aye, Mrs. Calder, Mr. Engelbrecht, Dr. Gindorf, Mrs. Gravenhorst, Mr. Lamont, Ms. Reese; no, none; absent, Dr. Bacon, Governor Edgar, Ms. Lopez, Mrs. O'Malley. (The student advisory vote was: Aye, Mr. Rose; no, none; absent, Mr. Malone, Mr. Mathew.) Comptroller's Report of Investment Transactions July 1, 1995, Through December 31, 1995 (27) The comptroller presented the above report which includes transactions under Finance and Audit Committee guidelines. A copy of this report is filed with the secretary of the board. This report was received for record. SECRETARY'S REPORT The secretary presented for record appointments to the faculty and changes of status made by the president, resignations, and terminations. A copy of the report is filed with the secretary. MINUTES APPROVED The secretary presented for approval the press proofs of the minutes of the Board of Trustees meeting of August 17-18, 1995, copies of which had previously been sent to the board. On motion of Mrs. Gravenhorst, these minutes were approved. OLD BUSINESS Mrs. Gravenhorst reported on a meeting of the Athletic Board held March 6, 1996. She noted that data presented at this meeting revealed that attendance at women's basketball games for the 1995-96 season was the largest ever, averaging 1600 persons at each game. Then, Mrs. Gravenhorst told the board members that the academic performance was quite impressive for some teams, citing that the student
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