Proceedings of the Board of Regents (1999-2000)

April Meeting, 2000

ROTC
Regent Newman reported that the LS&A curriculum committee had recently
approved three ROTC courses to receive LS&A credit. She said that she and Regent
White appreciate the efforts of the LS&A faculty in bringing this about, noting that it
will enable ROTC students to graduate in four years instead of four-and-a-half years.
Regent White associated herself with Regent Newman's comments, noting that having
participated in ROTC on a no-credit basis herself, she could appreciate how meaningful
this action would be for ROTC students.
Regent White left the meeting at this point, at 3:20 p.m.
Sale of Tax Exempt Commercial Paper by the University
On a motion by Regent Newman, seconded by Regent Horning, the Regents
unanimously approved a resolution authorizing the issuance of up to $170 million of
commercial paper supported by a pledge of General Revenues and to authorize the
executive vice president and chief financial officer to a) execute all the documentation
for the establishment of the Series C commercial paper and the rollover of the
outstanding commercial paper into the proposed Series C program; b) apply for a rating
from the rating agencies, if necessary, for the Series C commercial paper; and c)
negotiate a liquidity facility, if appropriate. (See Appendix A, page 277.)
Alternative Asset Investments
On a motion by Regent Maynard, seconded by Regent McGowan, the Regents
unanimously approved the commitment of $20.0 million to Francisco Partners, L.P.,
and $10.0 million to TCV IV, L.P.
Contract with Huron Systems, Inc.
On a motion by Regent Maynard, seconded by Regent Brandon, the Regents
unanimously approved a contract with Huron Systems, Inc. Because the president of
Huron Systems, Inc., James B. Martin, is also a University of Michigan employee, this
contract falls under the state of Michigan Conflict of Interest Statute. The following
information is provided in compliance with statutory requirements:
1. Parties to the contract are the Regents of the University of Michigan and its
Medical Center Information Technology Division, and Huron Systems, Inc.
2. The service provided is process and data flow mapping as it relates to Y2K, to
be provided for the calendar period beginning October 1, 1999 and ending
March 30, 2000, with a total cost of $35,600.00.
3. The pecuniary interest arises from the fact that James B. Martin, a University
of Michigan employee, is the president of Huron Systems, Inc.
Payment for Services of Tovar Hook & Loop
On a motion by Regent Brandon, seconded by Regent Maynard, the Regents
unanimously authorized payment for the services of Tovar Hook & Loop. Because
Keith L. T. Alexander is both a University of Michigan employee and an officer of Tovar
Hook & Loop, this purchase falls under the state of Michigan Conflict of Interest Statute.
The following information is provided in compliance with statutory requirements:

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