 | Board of Visitors minutes June 13, 1997 |  |
APPROVAL OF THE 1997-98 BUDGET OF FUNDS FROM THE PRATT ESTATE FOR THE SCHOOL OF MEDICINE AND SPECIFIC DEPARTMENTS IN THE COLLEGE OF ARTS AND SCIENCES
The following resolution was adopted:
- RESOLVED that the budget for the expenditure of funds from the Estate of John Lee Pratt be approved to supplement appropriations made by the Commonwealth of Virginia for the School of Medicine and Departments of Biology, Chemistry, Mathematics and Physics in the College of Arts and Sciences in an amount not to exceed $2.6 million for 1997-98, as suggested by the department chairs, as recommended by the deans of each school, and as approved by the Vice President and Provost, the Vice President and Provost for Health Sciences, the President and the Finance Committee. To the extent the annual income from the endowment is not adequate to meet the recommended distribution, the principal of the endowment will be divested to provide funds for the approved budgets.
| Board of Visitors minutes June 13, 1997 | |