University of Virginia Library

PRESIDENT'S HOUSE MAINTENANCE FUND:

A resolution was adopted authorizing the establishment of a House Maintenance Fund for the
President's House of $5,000 per year to be paid out of the unrestricted endowment income of the
University, provided that upon investigation of the Finance Committee it was found legally permissible
for such a fund to be established from the unrestricted endowment income of the University.