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Caption: Board of Trustees Minutes - 1974 Version B
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316 BOARD OF TRUSTEES [Juty 18 MEETINGS OF BOARD COMMITTEES President Hughes announced there would be no meetings of the Board Committees this month. MINUTES APPROVED The Secretary presented the minutes of the meetings of the Board of Trustees of September 20, 1972, October 18, 1972, November 17, 1972, December 20, 1972, January 17, 1973, and February 21, 1973, press proof copies of which had previously been sent to the Board. On motion of Mr. Swain, these minutes were approved as printed on pages 37 to 178 inclusive. BUSINESS PRESENTED BY T H E PRESIDENT OF T H E UNIVERSITY PRESIDENT'S REPORTS The Board considered the following reports and recommendations from the President of the University. President Corbally presented a report on selected topics of current interest, copies of which were distributed at the meeting, and a copy was filed with the Secretary of the Board. Revision in May 16,1973, Agenda Item At the May 16, 1973, Board of Trustees meeting, action was taken to approve the acceptance of a "grant offer" from the Federal Aviation Administration and an "agency and participation agreement" with the State of Illinois Department of Aeronautics for funds for the Fiscal Year (FY) 1973 Airport Development Aid Program. In May, the total preliminary estimate of project cost was $5,049,580, with SO per cent to be furnished by FAA and 50 per cent by the Department of Aeronautics from the 1971 bond issue. As a result of subsequent reviews and actions, the preliminary estimate of the project cost has been increased to $5,468,000, with 75 per cent to be furnished by the FAA and 25 per cent by the Department of Aeronautics. These changes in the amount and sources of funding are reported for the record. Fiscal Year 1974 Appropriations to the University of Illinois Following an unusually intensive analysis of the financial needs of higher education in Illinois by the majority and minority staffs of both the House and Senate Appropriations Committees of the Illinois General Assembly, these committees and the General Assembly overwhelmingly approved appropriations for Fiscal Year 1974 for higher education. These appropriations were based upon recommendations of the Illinois Board of Higher Education — recommendations which were developed after months of hard analysis and which were originally approved by the IBHE in December, 1972, and February, 1973, and which were strongly reendorsed in April, May, and June of 1973. For the University of Illinois, these appropriations included dollars over and above the 1972-73 appropriations to accomplish the following purposes: 1. Continued expansion of medical education programs at Chicago, Rockford, Peoria, and Urbana-Champaign $ 5 000 000 2. Salary increases averaging 4.5 per cent for all University personnel 7 145 360 3. Funds to meet known price increases in services and supplies purchased by the University 1 401 330 4. Funds to operate new buildings opening in Fiscal Year 1974 448 738 5. Support of new programs at Chicago Circle and Urbana-Champaign 860 350 6. Support of faculty salary increases to restore the competitive position of the University of Illinois with comparable institutions 2 000 000
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