Board of Visitors minutes October 9, 1998 | ||
APPROVAL OF CLINCH VALLEY COLLEGE INTEREST SUBSIDY
The following resolution was adopted:
RESOLVED that the Board of Visitors approves the University's providing to the Clinch Valley College housing operation a one-time subsidy not to exceed $700,000 to be paid over a period of approximately six years beginning in Fiscal Year 2001 from gifts or endowment income held by the Board of Visitors;
RESOLVED FURTHER that the Board of Visitors delegates authority to the Executive Vice President and Chief Financial Officer to establish the exact amount of the subsidy when adequate information is available.
Board of Visitors minutes October 9, 1998 | ||