Finance Committee to Consider USM Real Property Management

Initiative; Also will vote on BSU's Facilities Master Plan


ADELPHI, Md (October 12, 2004) The Finance Committee of the University System of Maryland (USM) Board of Regents at its next meeting will consider a recommendation for new procedures to manage the system's real property assets more effectively. The meeting is scheduled to begin at 1 pm Thursday, October 14. It will be in the atrium of the USM office (Elkins Building) at 3300 Metzerott Road, Adelphi.

USM Chancellor William E. Kirwan is recommending the following as part of the property asset management initiative:

  • Develop clear working definitions for the terms "underutilized" and unutilized" real property;
  • Update institutional real property inventories;
  • Develop strategies for the most effective management of the system's real property assets, including property disposition, acquisition, and partnerships with the private sector to encourage development beneficial to the community;
  • Develop real property strategic plans reflecting institutional missions and visions regarding short- and long-term development needs.

In addition, the Finance Committee will consider a request for FY 2006 funding of high-priority items not included in the system's Current Services Budget allocation. Called the Separate List, these items total $45 million, and include funding for enrollment and workforce development initiatives, faculty and staff quality improvement, research institutes, regional centers (Universities at Shady Grove and the University System of Maryland at Hagerstown), and other priorities.

Also at Thursday's meeting, the committee will consider approval of Bowie State University's 2002-2012 Facilities Master Plan. The plan reflects the institution's ongoing expansion beyond its traditional teacher education role to enhance and/or develop programs in nursing, business, information technology, and bioscience. It also addresses the need to accommodate a growing student population.

Other business on the committee's agenda includes:

  • Proposed amendments to the board's policy on contingent status employment for nonexempt and exempt staff employees;
  • Proposed board policy on leave for service as an election judge;
  • An amendment to the board policy on family and medical leave;
  • A report on the investment performance of the USM Common Trust Fund.

Full agendas and background information will be available at the 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