Skip directly to:Main content Main navigation

University of Virginia Library

Board of Visitors minutes
April 7, 2006

RESOLUTIONS ADOPTED BY THE BOARD OF VISITORS

TENTATIVE MINUTES SUBJECT TO THE APPROVAL OF THE BOARD OF VISITORS

APPROVAL OF THE MINUTES OF THE FEBRUARY 3, 2006 MEETING OF THE BOARD

INTRODUCTION OF NEW BOARD MEMBERS

INTRODUCTION OF MR. JAMES L. HILTON

ELECTION OF THE EXECUTIVE COMMITTEE

COMMITTEE MEMBERSHIPS

RESOLUTION FOR ADDENDA TO THE AGENDA

RESOLUTION COMMENDING CATHERINE S. NEALE

SETTING OF THE BOARD MEETING DATES FOR 2008

SUMMER ORIENTATION

EXECUTIVE SESSION

collapse section

NAMINGS AND PROFESSORSHIPS

NAMING OF THE CLAUDE MOORE NURSING EDUCATION BUILDING

NAMING OF THE BOYD TINSLEY COURTS

CHANGE IN THE NAME OF A PROFESSORSHIP TO THE JOHN L. COLLEY, JR., RESEARCH PROFESSORSHIP IN BUSINESS ADMINISTRATION

CHANGE IN THE NAME OF A PROFESSORSHIP TO THE NABI BIOPHARMACEUTICALS PROFESSORSHIP IN TRANSPLANTATION

collapse section

REPORT BY THE PRESIDENT

GIFTS AND GRANTS

collapse section

ADOPTION OF THE GOVERNOR’S STATEMENT ON EQUAL EMPLOYMENT OPPORTUNITY AS UNIVERSITY POLICY

APPROVAL OF INCREASE IN FACULTY AND STAFF HOUSING RATES FOR 2006-2007

APPROVAL TO ESTABLISH THE MELLON PROSTATE CANCER RESEARCH FUND WITH AN INVESTMENT OF $8 MILLION

APPROVAL OF HISTORICAL MARKER AT THE UNIVERSITY OF VIRGINIA CEMETERY

APPROVAL OF THE ESTABLISHMENT OF A PRESIDENTS’ PLOT AT THE UNIVERSITY CEMETERY

DELEGATION OF AUTHORITY TO ESTABLISH CEMETERY AND COLUMBARIUM POLICIES

APPROVAL OF CONTRACT RATES FOR DINING SERVICES FOR 2006-2007 FOR THE ACADEMIC DIVISION AND THE UNIVERSITY OF VIRGINIA'S COLLEGE AT WISE

APPROVAL OF AN INCREASE IN THE AMOUNT OF SHORT-TERM LOANS FOR THE CONSTRUCTION OF THE JOHN PAUL JONES ARENA

APPROVAL OF THE UNIVERSITY’S DEBT POLICY AND INTEREST RATE RISK MANAGEMENT POLICY

APPROVAL OF THE UNIVERSITY’S CAPITAL AND OPERATING RESERVES POLICY

RESOLUTION TO AUTHORIZE TRANSFER OF ENDOWMENT FUNDS FROM THE UNIVERSITY TO THE JEFFERSON SCHOLARS FOUNDATION

APPROVAL OF SUMMARY OF AUDIT FINDINGS

collapse section

FACULTY PERSONNEL ACTIONS

collapse section

ACTIONS RELATING TO CHAIRHOLDERS

(a) Election of Chairholders

(b) Change of Title of Chairholder

(c) Retirement of Chairholders

CHANGE IN THE TITLE OF THE PROMOTION OF DR. MARCIA MCDUFFIE

SPECIAL SALARY ACTIONS

CHANGE IN THE SPECIAL SALARY ACTION OF MR. EVAN S. MARCUS

RE-APPOINTMENTS

CHANGE IN THE TITLE OF THE RE-APPOINTMENT OF MS. LYNN M. MITCHELL

RE-ELECTION OF DR. ROBERT E. REYNOLDS AS VICE PRESIDENT AND CHIEF INFORMATION OFFICER

RE-ELECTION OF MS. YOKE SAN L. REYNOLDS AS VICE PRESIDENT AND CHIEF FINANCIAL OFFICER

ELECTION OF PROFESSORS EMERITI

ELECTION OF ASSOCIATE PROFESSORS EMERITI

collapse section

THE UNIVERSITY OF VIRGINIA'S COLLEGE AT WISE

SPECIAL SALARY ACTIONS

ELECTION OF PROFESSOR EMERITUS

ADDENDUM TO THE OFFICIAL MINUTES OF THE MEETING OF THE BOARD OF VISITORS OF THE UNIVERSITY OF VIRGINIA

collapse section

RESOLUTIONS NOT REQUIRING ACTION BY THE FULL BOARD

MEDICAL CENTER OPERATING BOARD, FEBRUARY 23, 2006 (ATTACHMENT C)

BUILDINGS AND GROUNDS COMMITTEE, APRIL 6, 2006 (ATTACHMENT D)

collapse section

ATTACHMENT A UNIVERSITY’S DEBT POLICY

University of Virginia Debt Policy

collapse section

collapse section

II. Scope and Objectives

collapse section

collapse section

IV. Debt Affordability and Capacity

collapse section

collapse section

Debt Affordability Measures

Debt Burden Percentage

Debt Service Coverage Ratio

collapse section

Debt Capacity Measures

Viability Ratio

Debt Capitalization Percentage

collapse section

V. Financing Sources

collapse section

Tax-Exempt Debt

Commercial Paper

University-issued vs. State-issued debt

Derivative Products

Other Financing Sources

collapse section

VI. Portfolio Management of Debt

collapse section

Variable-Rate Debt

Refinancing Outstanding Debt

Liquidity Requirements

Overall Exposure

collapse section

VII. Strategic Debt Allocation

collapse section

VIII. Central Loan Program Management

collapse section

De-linking External and Internal Debt Structures

Blended Interest Rate

collapse section

IX. Approval Process

collapse section

University of Virginia Interest Rate Risk Management Policy

collapse section

collapse section

II. Scope and Objectives

collapse section

III. Oversight

collapse section

IV. Derivative Use Guidelines

collapse section

V. Allowable Derivative Instruments

collapse section

VI. Policy Controls

collapse section

Operating Controls

Exposure Controls

Interest Rate Risk Management Policy Appendix A

Interest Rate Risk Management Policy Appendix B

collapse section

MEDICAL CENTER OPERATING BOARD – FEBRUARY 23, 2006

collapse section

CREDENTIALING AND RECREDENTIALING ACTIONS

NEW APPOINTMENTS TO THE CLINICAL STAFF

REAPPOINTMENTS TO THE CLINICAL STAFF

SECONDARY RE-APPOINTMENTS TO THE CLINICAL STAFF

STATUS CHANGES TO CLINICAL STAFF

RESIGNATIONS FROM THE CLINICAL STAFF

PRIVILEGES FOR NEW ALLIED HEALTH PROFESSIONALS

RENEWAL OF PRIVILEGES FOR ALLIED HEALTH PROFESSIONALS

RESIGNATIONS OF ALLIED HEALTH PROFESSIONALS

collapse section

BUILDINGS AND GROUNDS COMMITTEE – APRIL 6, 2006 APPROVAL OF SCHEMATIC DESIGN FOR THE SOUTH LAWN PROJECT

APPROVAL OF SCHEMATIC DESIGN FOR THE OBSERVATORY HILL RESIDENCE HALL (ALDERMAN ROAD RESIDENCE AREA REPLACEMENT HOUSING – PHASE 1)

collapse section

Collapse All | Expand All expand section

III. Oversight

Purpose

1. Provide mechanism for Board of Visitors oversight and review on periodic basis.

2. Provide management flexibility to make ongoing financing decisions within the framework of the Policy.

The Office of the Vice President & Chief Financial Officer (“VP & CFO”) is responsible for implementing this policy and for all interest rate risk management activities of the University. The policy and any subsequent material changes to the policy are approved by the University’s Board of Visitors (“BOV”).

The Office of the VP & CFO provides oversight and monitors all derivative transactions and, at least annually, reports to the Executive Vice President & Chief Operating Officer and the BOV on the University’s outstanding derivatives.