USM Regents Committee on Finance Meets September 2

Adelphi, Md. (Aug. 30, 2010) -- The University System of Maryland (USM) Board of Regents Committee on Finance at its next meeting will take action on several proposals, including one to issue USM revenue bonds for new academic and auxiliary projects.

The public meeting is scheduled to begin at about 11 a.m. Thursday, September 2 in the Juan Ramon Jimenez Room, located on the second floor of the Adele H. Stamp Union at the University of Maryland, College Park (UMCP). Before the public meeting, the committee will convene in executive session at 10 a.m.

The proposed bond resolution authorizes the issuance of revenue bonds to finance $115.5 million of projects, including a new college of liberal arts at Towson University and a new student center at Bowie State University.

The committee also will vote on a proposed renovation of the UMCP President's Residence. The renovation, requested by the UMCP Foundation, would be paid for entirely with private funds from foundation assets.  All design and construction contracts would be the foundation's responsibility, as well.

Other action items include a change in 2010-2019 enrollment projections for full-time equivalent day students at Bowie State, which have been revised slightly upward.

Background information and agendas 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) for special arrangements.

Parking for attendees is available in the adjacent Union Lane Garage. Attendees are asked to let the parking attendant know that they are attending the Finance Committee meeting.

For driving directions to UMCP and a campus map, click http://www.transportation.umd.edu/visitor/campusmap.html

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