Three USM Board of Regents Committees to Meet on June 9
Baltimore, Md. (June 7, 2022) – Three committees of the University System of Maryland (USM) Board of Regents will meet on Thursday, June 9.
The Committee on Governance & Compensation will meet at 8:30 a.m. Access to the meeting is via the following dial-in information:
Dial In: 1-443-353-0686
Access Code: 916 303 662
The committee will vote on approval of minutes from its meetings on April 13 and May 17. The committee will vote on whether to reconvene in closed session to discuss items exempted from public consideration under the Open Meetings Act. Those items are an update on collective bargaining at USM institutions; updates regarding specific personnel contracts subject to review and other personnel matters; presidential salary recommendations; and annual reviews for the Chancellor, Chancellor’s direct reports, and presidents.
The Committee on Finance will meet at 10:30 a.m. Access to the meeting is via the following dial-in information:
Conference ID – 942 5911 1878
The committee will vote on several action items. These include the USM fiscal year (FY) 2023 operating budget, the FY 2023 system-funded construction program request, and a proposed resolution to authorize the issuance of revenue bonds to finance $61,496,000 of academic and auxiliary facilities projects. The committee will vote on an amendment to USM Policy VIII-2.50 on Student Tuition, Fees, and Charges. Other action items include adjustments to the biennial exempt salary structures for FY 2023 and FY 2024, nonexempt salary adjustments and compression wage increases, and a lease agreement between the University of Maryland, Baltimore County (UMBC) and the Maryland Department of Health.
The committee will vote publicly on whether to reconvene in closed session to discuss items exempted from public consideration under the Open Meetings Act. These items are the awarding of new contracts for housekeeping services and food services, and the proposed FY 2024 capital budget submission and potential adjustments to the submission.
The Committee on Economic Development and Technology Commercialization will meet at 12:30 p.m. Access to the meeting is via the following dial-in information:
Dial In: 1-443-353-0686
Access Code: 426 592 859
Ken Malone of Early Charm will present information on Silcs Bio, a startup based on intellectual property from the University of Maryland, Baltimore. He will also describe how Early Charm operates under the model of a “startup studio,” which facilitates the development of numerous startup companies in parallel.
The committee will vote on a new USM Early Capital Pilot fund balance allocation and investment. The action would provide an allocation of up to $200,000 per year, over three years, from the USM fund balance for a pilot. The capital would be deployed to a diversity of USM-affiliated entrepreneurs and ventures broadly across the USM toward the goal of economic development.
Universities at Shady Grove (USG) Executive Director Anne Khademian will offer an update on USG 2.0, the center’s new strategic plan. The plan includes four strategic imperatives: 1) holding itself accountable for ensuring that students are able to secure meaningful employment and career opportunities; 2) planning for and building career pathways; 3) sharpening the focus on career competencies and readiness; 4) building a new model for fiscal sustainability.
Agendas and supporting materials for Board of Regents committee meetings are here.
Contact: Mike Lurie