Repository: UIHistories Project: Board of Trustees Minutes - 1972 [PAGE 117]

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1970]

UNIVERSITY OF ILLINOIS

107

APPLICATION FOR A N N U A L INTEREST GRANT UNDER TITLE I I I , SECTION 3 0 6 , O F T H E HIGHER EDUCATION FACILITIES ACT OF 19 6 3 (19) Under the Higher Education Facilities Act of 1963, the United States Commissioner of Education is authorized to grant funds to reduce the cost of borrowing for the construction, rehabilitation, and improvement of academic 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. T h e Executive Vice President and Provost and the Vice President and Comptroller recommend that The Board of Trustees of the University of Illinois 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 Library Building Addition at the Chicago Circle campus, and (b) designates James E. Osborn, Director of Business Affairs at the Chicago Circle campus, as the officer authorized to file the application in behalf of the University. I concur. Resolution Authorizing the Filing of Application for Annual Interest Grant Program Under Section 306, Title I I I , of the Higher Education Facilities A c t of 1963 WHEREAS, the United States Commissioner of Education is authorized under the Higher Education Facilities Act of 1963 to grant funds to reduce the cost of borrowing for the construction, rehabilitation, and improvement of certain academic and related facilities; and WHEREAS, T h e 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 are 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: Library Building Addition at Chicago Circle Now, therefore, be it 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 James E. Osborn, Director of Business Affairs, Chicago Circle 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. Hughes, President

T H E BOARD OF TRUSTEES OF THE UNIVERSITY OF ILLINOIS

, 1970 O n m o t i o n of M r . H a h n , t h e f o r e g o i n g r e s o l u t i o n w a s a d o p t e d . PURCHASES (20) T h e President submitted, with his concurrence, a list of purchases recommended by the Directors of Purchases and the Vice President and Comptroller; also purchases authorized by the President. A list of purchases was presented in two categories: purchases from appropriated funds (i.e., from state appropriations to the University) and purchases from institutional funds. The latter term designates funds received by the University under contracts with the United States government, contracts with private corporations and other organizations, funds from foundation grants, and grants