Board of Visitors minutes January 26, 1990 | ||
AUTHORIZATION TO INCREASE CAPITAL ADVANCES TO THE UNIVERSITY OF
VIRGINIA REAL ESTATE FOUNDATION TO $33,000,000
- The following resolution was adopted:
- WHEREAS, the Board of Visitors by resolution adopted on October 3, 1986, authorized the Vice President for Business and Finance to effect capital advances to the University of Virginia Real Estate Foundation in an amount not to exceed $30,000,000 for use by the Foundation consistent with its purpose as stated in the Foundation's Articles of Incorporation; and to evidence the Foundation's obligation to repay advances from the University by Demand Note(s);
- RESOLVED that the maximum amount of capital advances to the University of Virginia Real Estate Foundation be and it is hereby increased to $33,000,000, consistent with the same purpose and subject to the same promissory note procedures as authorized by the Board in its prior related resolution.
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Board of Visitors minutes January 26, 1990 | ||