University of Virginia Library

APPROVAL OF GRANT BY VIRGINIA REAL ESTATE ASSOCIATION

The President reported on a proposal by the Virginia Real Estate Association to make an annual
grant to the McIntire School of Commerce to support the costs of instruction in real estate theory
and principles, land utilization, and location theory. The funds for the grant are to be derived
by the Association from assessments now levied on each licensed member of the real estate profession
in Virginia and the Association has indicated that the funds, though granted annually, would
be made available on an assured and continuing basis

The President further reported that the Dean and Faculty of the McIntire School of Commerce
had reviewed the proposal and had concluded and so recommended to him that the courses desired
were of an academic nature and could be readily fitted into the curriculum of the School of
Commerce

The President therefore proposed and the Board adopted the following resolution

RESOLVED by the Board of Visitors of The Rector and Visitors of the University of Virginia that
the President be and he is hereby authorized to accept a grant from the Virginia Real Estate
Association to the McIntire School of Commerce to support instruction in real estate theory and
principles, land utilization, and location theory