Regents to Vote on USM Capital Budget Request

and Review Reports on Financial Aid and K-16 Activities

USM Chancellor Kirwan also to deliver annual report

Adelphi, MD (June 21, 2004) - The University System of Maryland (USM) Board of Regents will consider approval of the system's $196,950,000 capital budget proposed for FY 2006. The board will vote on the budget at its public meeting scheduled to begin at 11 am Wednesday, June 23, at the University of Maryland, College Park. The regents will meet in the Colony Ballroom on the second floor of Stamp Student Union.

As approved by the board's Committee on Finance June 17, the FY 2006 capital budget proposal includes a wide range of projects, including equipment for the Biosciences Research Building under construction at the University of Maryland, College Park, and for the Center for Business and Graduate Studies under construction at Bowie State University. It also includes construction and equipment for a new dental school facility at the University of Maryland, Baltimore, and for a laboratory addition at the University of Maryland Center for Environmental Science's Chesapeake Biological Laboratory in Solomons.

In addition, the board will consider proposals for the system's capital plan for FY 2006-2015 and for the University of Maryland, Baltimore County, 2003-2013 facilities master plan.

Also at Wednesday's meeting, the board's Committee on Education Policy will give summaries of several reports, including the FY 2003 Financial Aid Report for USM Undergraduates, a report on an external review of the University of Maryland Center for Environmental Science, and an update of the university system's K-16 activities.

As is customary at the board's last meeting of each fiscal year, the chancellor of the university system will deliver his annual report. Chancellor William E. Kirwan will highlight the system's progress during 2003-04 and discuss its priorities for the coming year. Kirwan and the board members also will honor the outgoing regents whose terms end June 30. They are Admiral Charles R. Larson, D. Philip Shockley, and William T. Wood.

Agendas and background information will be available at Wednesday's meeting. Sign language interpreters and/or other appropriate accommodations for eligible individuals with disabilities will be provided upon request. Please call 301.445.2756 (voice) or 301.314.7683 (TTY/ITT) to make special arrangements.

Contact: Anne Moultrie

Phone: 301/445-2722