Proceedings of the Board of Regents (1963-1966)

360

JUNE MEETING, 1964

1963-64
INSTRUCTION AND RESEARCH (Cont.) Budget
2. Other.................................... $ 783,261
3. Libraries................................. 2,352,210
4. Research................................. 2,331,773
Total, Instruction and Research........... $36,700,659
5. Extension................................. $ 1,159,532
7. Student services........................... 3,123,796
9. State and public services.................... 1,195,618
10. General administration.......................... 628,450
11. Business operation and special services........ 1,870,433
12. Physical properties......................... 6,222,017
13. Physical properties improvements............ 1,276,750
TOTAL, GENERAL FUND BUDGET.............. $52,177,255

1964-65
Proposed
$ 940,483
2,981,997
2,543,294
$41,978,076
$ 1,228,152
3,549,835
1,344,664
733,469
2,119,000
6,791,793
1,286,750
$59,031,739

Capital Outlay
Program
Public Act
No. 273: Opinion
Requested
University Fund:
Payment of
Interest on
Dearborn Campus
Housing Project:
Financing of

The President, in reviewing the budget, said, "This is a budget a
little more commensurate with our needs. It will provide for the most
urgently needed increases in salary, for additional faculty and staff
members we need, and for the equipment that has been lacking."
The Vice-President for Academic Affairs said the budget had
strengthened the University, its staff, and its future development.
Regent Power said the budget had maintained the University's pace,
that it would provide for an increase in student population, and would
take care of additions to the faculty. He hoped the new dean of the
College of Architecture and Design, Dean Malcolmson, would help
bring the College of Architecture into first place.
Regent Brablec commented, "We made some progress in this budget
by adding to our libraries."
Regent Cudlip complimented the representatives in Lansing, the
Governor, and the Legislature for responding to the University's needs
when the state's economy could afford it.
Regent Goebel thanked the administrative officers for a very fine
presentation of the budgetary facts.
The Regents reviewed the five-year capital outlay program for the
legislative appropriations (p. 36).
The Regents instructed the President to request from the Attorney
General an official opinion as to the validity of the conditions and
limitations set forth in Sections VII and XI of Public Act No. 273.
The Regents authorized a request to the Attorney General for an
opinion to the effect that the State Treasurer is required to continue
payment of interest on the University Fund in accord with the provision of Mich. Stats. Ann. 3.741.
The Regents adopted the following resolution authorizing the
borrowing of funds for construction of the Dearborn Campus Housing
Project (p. 283):
RESOIUTION OF THE REGENTS OF THE UNIVERSITY OF MICHIGAN
AUTHORIZING THE BORROWING OF FUNDS FOR THE CONSTRUCTION
OF THE DEARBORN CAMPIUS HOUSING PROJECT
W\'IEREAS, The Regents of the University of Michigan in the exercise of its
constitutional duties has determined that it is necessary and expedient that it
(i) construct and furnish a facility to house students on the Dearborn Campus of
the University consisting of a two-story apartment building containing 24 twobedroom apartments and 6 one-bedroom apartments, all completely furnished. and
(ii) renovate three adjacent cottages for family living to be rented unfurnished; and