USM Board of Regents Committees on Finance, Economic Development Meet November 15
Adelphi, Md. (Nov. 12, 2012) -- The University System of Maryland (USM) Board of Regents Committee on Finance at its next meeting will vote on a revision to the policy on endowment fund spending and the facilities master plan for the University of Maryland Center for Environmental Science (UMCES).
The committee first will announce it is convening in executive session at 10 a.m. Thursday, November 15, in Room 2110 of the University of Maryland University College (UMUC) Inn and Conference Center, 3501 University Blvd. East, Adelphi, MD. The committee is scheduled to meet in public session at 11:15 a.m. in rooms 2101/2103/2105.
The policy change regarding endowment fund spending, to be voted on during the public session, reduces the target spending rate from the current 4.75% to 4.25% and reduces the administrative cost reimbursement rate from the current 0.95% to 0.5%. The UMCES facilities master plan for 2012-2022 sets forth a strategy for reinvestment in existing facilities to address the existing deferred maintenance backlog and improve efficiency of the current physical plant.
The committee also will hear several information items, including reports on opening fall 2012 enrollment and the USM financial aid report for fiscal years 2007-2011. The agenda and supporting materials can be accessed at http://www.usmd.edu/regents/agendas/fc111512.php.
The Committee on Economic Development and Technology Commercialization will convene first in executive session at 12:15 p.m. The public session is scheduled to begin at 1 p.m. in rooms 2101/2103/2105.
The committee will hear several information items. The Hon. Jacques S. Gansler will brief the committee on the Maryland Proof of Concept Alliance at the University of Maryland, College Park, which entered into a cooperative research agreement with the Army Research Lab to foster technology commercialization efforts throughout the USM. The committee also will be updated on a USM economic impact study and a planning meeting last month with non-research USM institutions regarding best practices for entrepreneurial programs and initiatives.
To access the full agenda, visit http://www.usmd.edu/regents/agendas/edc111512.php.
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) for special arrangements.
Parking for the meeting will be available in UMUC's Inn and Conference Center garage. For driving directions, visit: http://www.umuc.edu/locate/adelphi.shtml#directions.
Contact: Mike Lurie
Phone: 301.445.2719
Email: mlurie@usmd.edu