Press Release - Finance Committee Meeting

September 18, 2000

Regents' Finance Committee to Meet September 21 at Bowie State University

The University System of Maryland (USM) Board of Regents' Committee on Finance will meet in public session on Thursday, September 21 at approximately 10:15 a.m. in the Thurgood G. Marshall Library at Bowie State University in Bowie, MD. The meeting will take place in the second floor conference room.

The Finance Committee will review several agenda items, including:

  • Request by Frostburg State University to evaluate a public/private partnership for a 250-300 bed student residential facility on or near the Frostburg campus. The current housing occupancy rate is over 100 percent; approximately 100 students are on a waiting list. In addition, the full-time student population is expected to increase by more than 10 percent by 2009. With Board approval, Frostburg will issue a proposal request for private developers to build a residency hall to be ready for occupancy by Fall 2002.

  • USM Common Trust endowment managers report.

  • Proposal to revise the USM policy on endowment fund spending so that institutions participating in the Common Trust fund pool can continue to seek reimbursements for their capital campaign efforts for the duration of the USM's Make a Lasting Impression campaign through 2002.

Full agenda and background information 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) to make special arrangements.

Chris Hart
Phone: 301/445-2739
Pager: 301/507-2316