Repository: UIHistories Project: Board of Trustees Minutes - 1978 [PAGE 480]

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1977]

UNIVERSITY OF ILLINOIS

467

O n motion of M r . H a h n , this recommendation was approved, and the policies and procedures regarding the use of outside collection agencies were adopted. Selection of Appointee to the Board of Trustees of the State Universities Retirement System. (SURS) (7) A recent amendment to the Illinois Pension Code changed the composition of the Board of Trustees of the State Universities Retirement System. Among the changes was a reduction by one in the number of SURS board members who are m e m b e n of the Board of Trustees of the University of Illinois and an addition of one member who is a participant in S U R S , to be chosen by the University of Illinois board for a term of six years, effective September 1, 1977. 1 Following consultation with the president of the Board of Trustees of the University, it was agreed that I would seek nominations for this SURS board position from the University Senates Conference. It was suggested that nominees be members of the faculty who have at least five years of SURS-covered employment and who are at least ten years from becoming SURS annuitants. Nominees were provided by the conference, and some nominees were provided to me from other sources. The president of the board and I have reviewed the nominees and now recommend the selection by the board of James A. Gentry, professor of finance and associate dean of the College of Commerce and Business Administration, Urbana, to serve a term of six years on the board of SURS, effective September 1, 1977. Professor Gentry has agreed to serve if selected to do so. O n m o t i o n of M r . L i v i n g s t o n , this a p p o i n t m e n t w a s a p p r o v e d . SURS Membership, University of Illinois I n accord with the reduction in membership referred to above, M r . Park Livingston terminated service on the S U R S Board of Trustees on November 30, 1977. T h e remaining members from the Board of Trustees of the University of Illinois are M r . William D. Forsyth, Jr., and M r . George W. Howard I I I . Agreement with RACOM International, Inc. (ILLIMAC Simulator System, Urbana) (8) The Institute of Aviation Research Laboratory at the Urbana-Champaign campus is developing a flight simulator system known as I L L I M A C to provide low-cost training of student pilots at the institute. R A C O M International, Inc., has proposed that R A C O M provide full research and development costs for the University to continue work on the I L L I M A C simulator, and, in addition, pay the University royalties of 4 percent of gross sales for all domestic and foreign sales of the simulator in return for: 1. Exclusive rights to manufacture and sell, rent, or lease I L L I M A C simulators, 2. Preferential "right of first refusal" in connection with the licensing of patents or copyrights that may develop in the future from I L L I M A C research and development activities under the proposed agreement, and 3. The exclusive right to use the name I L L I M A C for the flight simulator systems.

1 Among other members of the SURS board is a participant in the system chosen by the governor. Eugene T. Flynn, a member of the nonacademic staff at Urbana, now fills that position.