Three USM Board of Regents Committees to Meet on June 7

Baltimore, Md. (June 6, 2023) – Three committees of the University System of Maryland (USM) Board of Regents will meet on Wednesday, June 7.

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: 611 858 956#

The committee will vote on approval of minutes from its meeting on May 16. 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; discussion of performance standards as applied to specific presidents; fiscal year (FY) 2024 presidential compensation; annual reviews for the Chancellor, Chancellor’s direct reports, and presidents; and FY 2024 Chancellor’s compensation.

The Committee on Finance will meet at 10:30 a.m. Access to the meeting is via the following dial-in information:

301-715-8592
Conference ID – 999 3384 1383
Password:  895555

The committee will vote on several action items. These include the USM FY 2024 operating budget, the FY 2024 system-funded construction program request, and a proposed resolution to authorize the issuance of revenue bonds to finance $48,000,000 of academic and auxiliary facilities projects. The committee will vote on the Frostburg State University facilities master plan five-year update, a public-private partnership for student housing at Bowie State University, and a public-private partnership for graduate student housing at the University of Maryland, College Park.

Other action items include adjustments to the biennial exempt salary structures for FY 2024 and FY 2025 and establishment of a quasi-endowment fund of up to $150 million to provide need-based student financial aid for in-state Maryland students.

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 software implementation services and maintenance of HVAC systems, and the proposed FY 2025 Capital Budget submission and potential adjustments to the submission.

The Committee on Economic Development and Technology Commercialization will meet at 1 p.m. Access to the meeting is via the following dial-in information:

Dial In: 1-443-353-0686
Access Code: 190 497 591#

The committee will hear an information item regarding current activities of the Office of the Vice Chancellor for Research and Economic Development: an update on research and economic development strategic planning; the USM Launch Fund; and an update regarding commercialization outcomes.

Agendas and supporting materials for Board of Regents committee meetings are here.
 

Contact: Mike Lurie
Phone: 301.445.2719
Email: mlurie@usmd.edu