Repository: UIHistories Project: Board of Trustees Minutes - 1974 [PAGE 142]

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BOARD OF TRUSTEES

[December 20

APPLICATION FOR A N N U A L INTEREST GRANT UNDER TITLE III, SECTION 3 0 6 , O F THE HIGHER EDUCATION FACILITIES ACT O F 1 9 6 3 , URBANA (8) Under the Higher Education Facilities Act of 1963, the United States Commissioner of Education is authorized to grant funds (o reduce the cost of borrowing for the construction, rehabilitation, and improvement of acadeniic and related facilities. The requirements of the Department of Health, Education and Welfare for the submission of an application for a grant under this Act necessitate the adoption of a formal resolution by the governing board of an institution authorizing the filing of the application and designating an individual to act in behalf of the University concerning the application. The Chancellor at the Urbana-Champaign campus recommends that The Board of Trustees of the University of fllinois adopt the resolution submitted herewith which (a) authorizes the filing of an application for an annual interest grant to reduce the cost of borrowing to finance the construction of the Speech and Hearing Clinic at the Urbana-Champaign campus, and (b) designates Sidney M. Stafford, Director of Business Affairs at the Urhan a-Champaign campus, as the officer authorized to file the application in behalf of the University. I concur. Resolution Authorizing the Filing of Application for Annua] Interest Grant Program Under Section 306, Title I I I , of the Higher Education Facilities Act of 1963 WHEREAS, the U.S. Commissioner of Education is authorized under the Higher Education Facilities Act of 1%3 to grant funds 1o reduce the cost of borrowing for the construction, rehabilitation, and improvement of certain academic and related facilities; and WHEREAS, The Board of Trustees of the University of Illinois, the governing body of the University of Illinois, hereinafter called the Applicant, is cognizant of the conditions under which such grants arc made available and approved for payment to an applicant; and WHEREAS, it is the sense of the governing body of the Applicant that it is desirable to apply for an annual interest grant under Section 306, Title I I I , of the aforementioned act for the project described as follows: Speech and Hearing Clinic at Urbana-Champaign Nozv, I here fore, be if Resolved, that an application for the project described is authorized and directed to be filed with the Office of Education, Department of Health, Education and Welfare, United States of America; and be it further Resolved, that the Board of Trustees of the University of Illinois designates Sidney M. Stafford, Director of Business Affairs, Urban a-Champaign campus, as the officer authorized to file the application and act as the representative of this Board in connection with said application. Signed _ . .

EARL M. H U G H E S , President T H E BOARD OF TRUSTEES OF THE UNIVERSITY O F ILLINOIS

, 1972

On motion of Mr. Howard, the foregoing resolution was adopted.

RECOMMENDATIONS OF T H E UNIVERSITY PATENT COMMITTEE (9) T h e University Patent Committee, with the concurrence of the Chairman of the University Research Board, submits the following recommendations relating to patentable inventions by members of the staff. The Committee on Patents of the Board of Trustees has examined the disclosure documents and other background materials related to these inventions and recommends approval. I concur in these recommendations. 1. Degradation Products of Streptovaricins as Antibacterial and Antitumor Agents — Kenneth L. Rinehart, Jr., Professor of Chemistry, Urbana-Champaign,