Caption: Board of Trustees Minutes - 1984
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1982] UNIVERSITY OF ILLINOIS 83 Purchases (16) The president submitted, with his concurrence, a list of purchases recommended by the directors of purchases and the executive vice president. T h e list of purchases was presented in one category — purchases from institutional funds. This term designates funds received by the University under contracts with the United States government, private corporations, and other organizations; grants from foundations, corporations, and other donors; and University revolving funds authorized by law. T h e total amount of these purchases from institutional funds was $1,897,121.92. A complete list of the purchases, with supporting information, including the quotations received was sent to each member of the board in advance of the meeting, and a copy is being filed with the secretary of the board for record. O n m o t i o n of M r . F o r s y t h , t h e p u r c h a s e s r e c o m m e n d e d w e r e a u t h o rized by t h e following v o t e : A y e , M r s . D a y , D r . D o n o g h u e , M r . F o r s y t h , Mr. Hahn, Mr. Howard, Mr. Madden, Mrs. Shepherd, Mr. Stone; no, none; absent, Mr. Neal, Governor Thompson. (The student advisory vote was: Aye, Mr. Bandala, Mr. Cobb, Miss Forsyth; no, none.) Report of Purchases Approved by the Executive Vice President (17) T h e executive vice president also submitted a report of purchases approved by him on recommendation of the directors of purchases in amounts of $20,000 to $25,000, and a report of bids taken in behalf of the Capital Development Board. A copy of this report is filed with the secretary. This report was received for record. Comptroller's Monthly Report of Contracts Executed (18) T h e comptroller submitted the October 1982 report of contracts. T h e report included contractual agreements for payments to the University and contracts in amounts up to $25,000, to be paid by the University. A copy of this report is filed with the secretary. This report was received for record. Report of Investment Transactions through September 30,1982 (19) The comptroller presented the investment report as of September 30, 1982. Transactions u n d e r Comptroller's Authority Date Number Description Cost/Yield Sales: 9/7 $ 25 000 General Motors Acceptance demand notes $25 000 00 $ 9/15 1 000 General Motors Acceptance demand notes 1 000 00 9/16 100 000 U.S. Treasury bills due 10/7/82. 90 502 00 Repurchase Agreements: 9/13 $2 202 000 U.S. Treasury 8% percent 9/30/82 for one day with tional Bank of Chicago 9/14 4 270 000 U.S. Treasury 15& percent 5/31/83 for one day with tional Bank of Chicago notes due First Na8.25% $2 200 000 00 notes due First Na8.25 4 400 000 00 Amount 25 000 00 1 000 00 99 609 17
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