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APPROVAL OF PRATT FUND DISTRIBUTION FOR 1999-2000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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APPROVAL OF PRATT FUND DISTRIBUTION FOR 1999-2000

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. These allocations, which are not to exceed $2.6 million for 1999-2000, are suggested by the department chairs and recommended by the dean of each school, and 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 disinvested to provide funds for the approved budgets.