Press Release - Finance Committee Meeting
September 18, 2000
Regents' Finance Committee to Meet September 21 at Bowie State
University
The University System of Maryland (USM) Board of Regents' Committee
on Finance will meet in public session on Thursday, September 21
at approximately 10:15 a.m. in the Thurgood G. Marshall Library at Bowie
State University in Bowie, MD. The meeting will take place in the second
floor conference room.The Finance Committee will review several agenda items, including:
- Request by Frostburg State University to
evaluate a public/private partnership for a 250-300 bed student residential
facility on or near the Frostburg campus. The current housing occupancy rate
is over 100 percent; approximately 100 students are on a waiting list. In
addition, the full-time student population is expected to increase by more
than 10 percent by 2009. With Board approval, Frostburg will issue a proposal
request for private developers to build a residency hall to be ready for
occupancy by Fall 2002.
- USM Common Trust endowment managers
report.
- Proposal to revise the USM policy on endowment fund spending so
that institutions participating in the Common Trust fund pool can continue
to seek reimbursements for their capital campaign efforts for the duration
of the USM's Make a Lasting Impression campaign through 2002.
Contact:
Chris Hart
Phone: 301/445-2739
Pager: 301/507-2316
E-mail: chart@usmd.edu