Board of Visitors minutes May 23, 1992 | ||
APPROVAL OF THE 1992-1993 BUDGET OF FUNDS FROM THE PRATT
ESTATE FOR SPECIFIC DEPARTMENTS IN THE SCHOOL OF MEDICINE
AND IN ARTS AND SCIENCES
The following resolution was adopted:
- RESOLVED that the budget for the expenditure of funds from the Estate of John Lee Pratt as a supplement of appropriations made by the State of Virginia for the School of Medicine and the Departments of Biology, Chemistry, Mathematics, and Physics in Arts and Sciences in an amount not to exceed $2,320,000 for 1992-93, as suggested by the department chairs, as recommended by the Special Advisory Committee on Pratt Funds of the Center for Advanced Studies, and as approved by the President and the Finance Committee, be and they are hereby approved. To the extent that annual income from the endowment is not adequate the principal of the endowment will be disinvested to provide funds for the approved budgets.
Board of Visitors minutes May 23, 1992 | ||