Repository: UIHistories Project: Board of Trustees Minutes - 1986 [PAGE 115]

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104

BOARD OF TRUSTEES

[October 18

Date Number Description Cost/Yield Amount Purchases: 8/7 $ 500 000 State Bank of Lincoln 11.40 percent Certificate of deposit due 11/15/84.. 11.40% $ 500 000 00 8/15 215 000 U.S. Treasury bills due 9/20/84 9.49 212 979 00 9/4 5 600 000 U.S. Treasury bills due 1 1 / 2 9 / 8 4 . . . 10.91 5 457 794 22 9/5 11.36 15 000 00 9/6 2 800 000 U.S. Treasury bills due 1 1 / 1 9 / 8 4 . . . 10.87 2 730 746 67 9/7 1 620 000 U.S. Treasury bills due 11/19/84... 10.77 1 580 745 30 9/7 300 000 Ford Motor Credit demand notes... 11.50 300 000 00 9/10 6 500 000 U.S. Treasury bills due 1 2 / 6 / 8 4 . . . 10.82 6 334 434 16 9/11 1 500 000 U.S. Treasury bills due 11/29/84... 10.60 1 465 898 39 9/12 4 200 000 U.S. Treasury bills due 1 2 / 6 / 8 4 . . . . 10.64 4 097 065 00 9/12 19 000 Household Finance demand notes.. 11.22 19 000 00 9/13 11.07 42 000 00 9/13 4 200 000 U.S. Treasury bills due 12/13/84... 10.61 4 090 329 84 9/17 9 400 000 U.S. Treasury bills due 12/13/84... 10.61 9 165 109 67 9/20 8 100 000 U.S. Treasury bills due 12/20/84... 10.48 7 890 950 25 9/21 550 000 U.S. Treasury bills due 1 2 / 2 0 / 8 4 . . . 10.47 535 975 00 9/24 3 500 000 U.S. Treasury bills due 12/20/84... 10.53 3 413 132 92

On motion of Mrs. Day, this report was approved as presented.

Federal Energy Grants, Chicago and Urbana (17) Under the National Energy Conservation Policy Act of 1978, Federal funds are provided to State and local governments for energy-conservation projects in schools and hospitals. T h e program requires that the Federal funds be matched on a one-to-one basis (by non-Federal funds) to cover the total cost of all such projects undertaken. T h e University of Illinois has received funds under this program in recent years for projects in both auxiliary and academic facilities. During those years, the University has received $4.5 million in Federal funds which has supported $9 million in projects. T h e matching funds have come, respectively, from the University's Auxiliary Facilities System Repair and Rehabilitation Reserve and from State appropriations. The Illinois Department of Energy and Natural Resources has advised that University of Illinois projects totalling $1,642,055 have been recommended for Federal support in Cycle V I of the Federal Program for Fiscal Year 1985, as outlined in Table 1. T h e Federal share will be $821,027 and will require a matching amount of $821,028 if the projects are to be undertaken. The projects identified in Table 1 are all academic facilities. The Illinois Board of Higher Education will seek a supplemental appropriation in the fall session of the General Assembly to meet the matching requirements for these projects and for projects at other Illinois colleges and universities. Therefore, I recommend: (1) that upon approval of the supplemental appropriation, the comptroller be authorized to submit requests to the Capital Development Board and the governor, as appropriate, for the release of matching funds for the projects identified in Table 1; and (2) that the Board of Trustees accept the Federal grant for these projects, contingent upon the availability of matching funds.

On motion of Mrs. Day, this recommendation was approved by the following vote: Aye, Mrs. Day, Dr. Donoghue, Mr. Forsyth, Mr. Hahn, Mr. Howard, Mr. Madden, Mrs. Shepherd, Mr. Stone; no, none; absent, Mr. Logan, Governor Thompson. (The student advisory vote was: Aye, Mr. Lamm, Mr. Pittman; no, none.)