Repository: UIHistories Project: Board of Trustees Minutes - 1980 [PAGE 374]

EXTRACTED TEXT FROM PAGE:

1979]

UNIVERSITY OF ILLINOIS

363

his brother-in-law was one of the principals in F G M , Inc. H e stated that while his law firm h a d represented F G M , Inc., in other matters, neither he nor his firm h a d or would be representing F G M , Inc., in connection with the proposed contract. H e further stated that he h a d had no knowledge of the proposed contract before receiving his copy of the July board agenda. Trustee H o w a r d further stated that while he was not legally barred from voting on the proposal he wished to be recorded as abstaining from the deliberations and vote on the item. Assignment of National Defense/Direct Student Loans, Chicago Circle (25) At the June 1979 meeting of the Board of Trustees, the board approved the assignment to the federal government of certain defaulted notes in the National Defense and Direct Student Loan (NDSL) program. In order to better its default ratio and enhance its eligibility for additional federal capital contribution for 1980-81, an institution was to have assigned these notes to the federal government by June 30, 1979. The University has recently received information which indicates that the federal government has extended the June 30 deadline date to August 31, 1979. T h e Chicago Circle campus has identified 414 additional loan notes in the amount of $423,856 which can be submitted to the federal government by the extended deadline date. The vice president for administration has recommended that the Board of Trustees approve the assignment to the U.S. government for collection of the additional defaulted NDSL loans on which reasonable collection efforts have been made. With this additional authorization, a total of 910 loans in the amount of $935,258 will have been submitted to the federal government by the Chicago Circle campus. I concur. Renewal of Contract for Bibliographic and Library Processing Services (26) Each year for the past few years, the University has entered into an operating service contract for the University's libraries with the secretary of state (Office of the State Librarian). This action enabled the University libraries to acquire through the state librarian an automated system developed by the Ohio College Library Center to provide a more efficient means of assisting in bibliographic search and cataloging processes at all campuses, and to improve the service to the interlibrary loan program as well.1 Estimated expenditures for FY 1980 associated with the renewal of the program are $247,000. Funds sufficient to procure the system services and maintenance have been included in the appropriation bill of the General Assembly to meet the ordinary and contingent expenses of the University for FY 1980. T h e funds will be included in the operating budget authorization request of the libraries of each of the campuses for FY 1980 to be submitted to the Board of Trustees. Expenditures under this renewal contract are subject to the availability of such funds. The vice president for administration, with the concurrence of appropriate administrative officers, has recommended that the comptroller and the secretary of the board be authorized to execute a renewal agreement for the Illinois/OCLC contract for FY 1980 with the Office of the Secretary of State (state librarian). I concur.

1 By use of the system, requests for reference data or for catalog file cards for new publications are entered into a local terminal and passed to the center via dedicated telephone lines. Reference data is returned by the same method while catalog cards are produced automatically at the center and sent by mail to the requesting library.