Repository: UIHistories Project: Board of Trustees Minutes - 1988 [PAGE 339]

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1987]

UNIVERSITY OF ILLINOIS

329

Establishment of "Illinois Teacher of the Year" Tuition Waiver

(20) T h e Illinois State Board of Education conducts an annual Educational Awards Program which includes the selection of classroom teacher award recipients, one of whom is then selected as "Teacher of the Year." T o recognize and reward those who are so honored, and to encourage their continued contributions in the field of education, I recommend that the University establish the foUowing tuition waiver program, effective with the designation of the 1985-86 Teacher of the Year Award: 1. Each Illinois "Teacher of the Year" admitted to study at the University of Illinois will receive a waiver of regular undergraduate or graduate tuition, as well as a waiver of the application fee and waivers or exemptions of all fees assessed at the time of registration. 2. Tuition waivers and fee waivers or exemptions may be used in oncampus or extramural classes at any time. 3. The program will continue so long as a single "Teacher of the Year" is selected annually by the Illinois State Board of Education. The vice president for academic affairs, the vice chancellors for research, and the deans of the Colleges of Education concur in this recommendation. I recommend approval. O n m o t i o n of M r . F o r s y t h , this r e c o m m e n d a t i o n w a s a p p r o v e d .

Establishment of Account, First National Bank in Champaign, Credit Card Services, Urbana

(21) Prior actions of the Board of Trustees have authorized the use of credit cards (MasterCard and VISA) for certain auxiliary activities at the UrbanaChampaign campus. The use of the cards has facilitated the marketing and collection activities of a number of campus units. Bank services for this program have been provided by local banks on the basis of competitive bids. The current agreement with the Champaign National Bank terminated on June 30, 1987. Competitive bids have been received for continuation of the service in Fiscal Year 1988, with an option to renew for an additional one-year period under the same terms and conditions. The bid offering the greatest economic advantage to the University is that of the First National Bank in Champaign. A provision of the bid is that a deposit account to serve the credit card activity be maintained. There is no minimum balance requirement. The chancellor at the Urbana campus has recommended that an appropriate bank account be established with the First National Bank in Champaign and a contract executed to provide MasterCard and VISA services to the University. Upon the conclusion of all business in process with the Champaign National Bank, the account will be closed. It is also recommended that the board adopt the following resolution authorizing the opening of this deposit account. The vice president for business and finance concurs. I recommend approval.

Resolution of the Board of Trustees (Authority to Open Deposit Account)

Be It Resolved, that the First National Bank, Champaign, Illinois, be, and it is hereby, designated a depository of this Corporation in connection with an agreement to provide bank credit card services to the Corporation, and that funds so deposited may be withdrawn upon a check, draft, note, or order of the Corporation.