USM Regents Committees on Finance, Economic Development to Meet June 19

Adelphi, Md. (June 17, 2014) -- The University System of Maryland (USM) Board of Regents Committee on Finance will consider several action items at its next meeting on Thursday, June 19, including approval of the fiscal year (FY) 2016 capital budget request.

The meeting will begin at 10:00 a.m. in the President's Board Room, 14th floor of the Saratoga Office Building at the University of Maryland, Baltimore (UMB). The building is located at 220 North Arch Street in Baltimore, Md.

Other action items before the committee include approval of the FY 2016-2020 capital improvement program; the FY 2015 system-funded construction program request; and the 36th bond resolution for USM auxiliary facility and tuition revenue bonds. The committee will vote on the renewal of a heat energy services contract at UMB and proposed technical amendments to Board Policy VII-7.00 on annual leave for nonexempt and exempt staff. The full agenda and supporting materials are available here.

The Committee on Economic Development and Technology Commercialization at noon will meet in the same location and vote publicly on whether to reconvene in closed session. The committee is scheduled to meet in public session at 12:40 p.m. In closed session, the committee would obtain advice of legal counsel related to an audit recommendation and discuss a pending request for proposals concerning a cyber-security contract.

The committee will hear information items regarding its overall strategies and a featured startup company developed at the University of Maryland, College Park (UMCP), SecondWrite, LLC. The committee will vote on a proposal that would allow UM Ventures at UMCP to invest up to $500,000 in FY 14 and FY 15 in Maryland-based start-up companies that license USM-owned intellectual property. The agenda and supporting materials are here.

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 is available in the Saratoga Garage, also located at 220 North Arch Street in Baltimore. For driving directions to UMB and a campus map, click here.  

Contact: Mike Lurie
Phone: 301.445.2719