1993-94                    UNIVERSITY OF MINNESOTA                       No. 3

                           FACULTY SENATE MINUTES
                             FEBRUARY 17, 1994

     The third meeting of the Faculty Senate for 1993-94, was convened in 25 
Law Center, Minneapolis campus, on Thursday, February 17, 1994, at 3:15 p.m. 
(immediately following the University Senate meeting). Coordinate campuses 
were linked by telephone.  Checking or signing the roll as present were 131 
voting faculty members.  President Nils Hasselmo, presided.


             I. MINUTES FOR NOVEMBER 18, AND DECEMBER 2, 1993
                                   Action

Correction to the November 18 minutes (page 5, sixth bullet):

     III. University of Minnesota Strategic Planning 

     . . .

     -     It appears the document does not give the same 
           rewards in performance measurements to applied and 
           interdisciplinary work as to basic research.

     . . .

                                                          APPROVED

                      II. FACULTY CONSULTATIVE COMMITTEE
                           FACULTY AFFAIRS COMMITTEE
                          Conflict of Interest Policy
                             Discussion and Action

MOTION:

     To approve the proposed Conflict of Interest Policy:  


                          CONFLICT OF INTEREST POLICY
                          ---------------------------

NOTE:  This policy ultimately is intended to address both Conflict of Interest 
and Conflict of Commitment. At this point, we are seeking to move forward only 
those portions dealing with Conflict of Interest.  The Conflict of Commitment 
sections will be added later, after consultation, review, and approval by the 
appropriate groups, and the policy will be retitled "Conflict of Interest and 
Conflict of Commitment."  Until these sections are approved, the existing 
"Regents' Policy on Consulting and Outside Affiliations:Outside Consulting, 
Service Activities and Other Outside Work" will remain in effect.  When the 
combined policy is approved, it will be published in a booklet that will also 
include a section on responsible conduct, the Academic Misconduct Policy,and a 
new policy on ownership of, access to, and retention of research data.

1.    INTRODUCTION

      The University of Minnesota actively encourages and 
      participates in interaction with both the public and private 
      sectors as an important component of its research, 
      education, and public service activities.  The University 
      encourages the recruitment, retention, and recognition of
      individuals with creative abilities who can contribute to 
      technology transfer and interactions with BUSINESS*1 and 
      public entities consistent with their primary commitment to 
      the University.  ACADEMIC EMPLOYEEs involved in such 
      interactions may receive personal financial compensation in 
      accordance with the principles and guidelines provided in 
      this policy.  Research activities supported by grants, 
      contracts, or GIFTs from public and private entities as well 
      as individuals provide a valuable source of funds, 
      equipment, and topics for University research.  Professional
      interactions, including consulting arrangements, between 
      ACADEMIC EMPLOYEEs and public entities and privat BUSINESSes 
      advance the University's ability to provide a high-quality 
      research and educational experience for students and enhance 
      employment opportunities for students.  University licensing 
      of technology, ACADEMIC EMPLOYEE's consulting, assisting in 
      new BUSINESS start-ups, and other forms of technology 
      transfer to both public and private entities are critical to 
      meeting society's needs.  The University is committed to 
      fostering the welfare of the State of Minnesota through 
      interaction by the University with other public entities and 
      the private sector.

      At the same time, the University and its employees are 
      committed to conducting  themselves and University 
      activities in accordance with the highest standards of 
      integrity and ethics.  This includes the identification of 
      the potential for conflicts of interest and the assurance 
      that they do not improperly affect University activities.  
      It is the purpose of this policy to set forth the principles 
      for identifying such potential for conflicts and the 
      procedures for reviewing and addressing the potential for 
      conflicts that occur.

2.    CONFLICT OF INTEREST AND EXTERNAL RELATIONSHIPS 

      A conflict of interest occurs when an ACADEMIC EMPLOYEE 
      compromises his/her professional judgment in carrying out 
      University teaching, research, outreach, or public service 
      activities because of an external relationship that directly 
      or indirectly affects the FINANCIAL INTEREST of the ACADEMIC 
      EMPLOYEE, any FAMILY*2 member, or any ASSOCIATED ENTITY.
      The potential for conflicts arises because of the nature and 
      scope of activities engaged in by the University and its 
      employees.  The University assumes that potential for 
      conflicts will occur regularly in the normal conduct of 
      activities.  However, it is essential that the significant 
      potential for conflicts be disclosed and reviewed by the 
      University.  After disclosure the University can then make 
      an informed judgment about a particular case and require 
      appropriate oversight, limitations, or prohibitions on the 
      activity in accordance with this policy.  ACADEMIC EMPLOYEES 
      may not engage in activities in which an actual conflict of 
      interest occurs.

      ACADEMIC EMPLOYEES are encouraged to PARTICIPATE in 
      technology transfer activities and interactions with other 
      public entities and with BUSINESS.  Such activities, 
      referred to in this document as external relationships, may 
      have the potential for conflicts of interest.  However, no 
      wrongdoing is implied by the existence of external 
      relationships.

      SIGNIFICANT COMBINATIONS OF ACTIVITIES AND EXTERNAL 
      RELATIONSHIPS

      The potential for a conflict interest arises when certain 
      coupled to the existence of certain external relationships.  
      Some combinations (Category I below) are assumed to not 
      represent a conflict of interest.  Other combinations 
      represent sufficient potential for conflict of interest 
      (Category II below) that they require review and prior 
      approval by the University before the ACADEMIC EMPLOYEE can 
      engage in the activity.  Category III below addresses an 
      activity combined with an external relationship that is 
      presumed to be a conflict of interest and is therefore not 
      allowed.

      The following is a representative, though not inclusive, 
      list of activities and external relationships covered by 
      this policy.  The categories are general guidelines, and 
      application of appropriate review and oversight will always 
      be in accordance with maintaining the full integrity or 
      reputation of the University and its employees within the 
      context of academic freedom.


      Any combination of activity and external relationship not 
      specifically represented in Categories I-III that an 
      ACADEMIC EMPLOYEE reasonably believes constitutes a 
      potential conflict of interest must be reported in writing 
      to the ACADEMIC EMPLOYEE's department head.*3  The 
      department head will determine whether the relationship 
      represents an activity requiring further review. 

      CATEGORY I  - ALLOWABLE COMBINATIONS OF  ACTIVITIES AND 
      EXTERNAL RELATIONSHIPS: The following are not considered 
      conflicts of interest and do not require disclosure.  They 
      are allowable, if they are consistent with other policies of 
      the University including the Consulting and Patent and 
      Technology Transfer policies:*4

      a)    An ACADEMIC EMPLOYEE receiving royalties and honoraria 
            for published scholarly works, occasional lectures, 
            and other writings or creative works.*5,*6

      b)    An ACADEMIC EMPLOYEE receiving honoraria for serving 
            as a special reviewer or serving on review panels for 
            academic, governmental, or not-for-profit entities. 

      c)    An ACADEMIC EMPLOYEE receiving royalties under the 
            University's or another academic institution's 
            royalty-sharing policies but the employee does not 
            have any other relationship with the royalty-granting 
            entity as specified in Category II.

      d)    An ACADEMIC EMPLOYEE participating in a Private 
            Practice Plan pursuant to policies adopted by the 
            Board of Regents.

      CATEGORY II  - COMBINATIONS OF ACTIVITIES AND EXTERNAL 
      RELATIONSHIPS THAT HAVE THE POTENTIAL FOR CONFLICT OF 
      INTEREST: The following combinations range from those that 
      are considered to have minimal to moderate potential for 
      conflict of interest (Section A) to those that have a 
      moderate to high potential for conflict of interest (Section 
      B).  The activities in Section A  are ordinarily allowable 
      following disclosure and, where necessary, the 
      implementation of oversight or other management procedures.  
      The activities and external relationships listed in Section 
      B require case-by-case review and only some of the specific 
      relationships may be approved. Special oversight or 
      management procedures are likely to be required (see Section 
      3 for disclosure and approval procedures).

      SECTION  A - Combinations of activities and external 
      relationships in which there is a minimal to moderate 
      potential for conflict of interest.

       RESEARCH ACTIVITIES

       a)    An ACADEMIC EMPLOYEE participating in research on a 
             technology, process, or product developed in whole or 
             in part by that ACADEMIC EMPLOYEE in which the 
             employee, a member of his/her IMMEDIATE FAMILY, or an 
             ASSOCIATED ENTITY is entitled to receive royalties 
             from an existing agreement with a BUSINESS under the 
             University's or another academic institution's 
             royalty-sharing policies, but has no other FINANCIAL 
             INTERESTs in the project.

       b)    An ACADEMIC EMPLOYEE assigning students, postdoctoral 
             fellows, or other trainees to research projects in 
             which the ACADEMIC EMPLOYEE, a member of his/her 
             IMMEDIATE FAMILY, or an ASSOCIATED ENTITY is entitled 
             to receive royalties from an existing  agreement with 
             a BUSINESS under the University's or another academic 
             institution's royalty-sharing policies, but has no 
             other FINANCIAL INTERESTs in the project.

       INSTRUCTIONAL ACTIVITIES

       c)    An ACADEMIC EMPLOYEE assigning students or 
             other trainees to instructional projects, for 
             example, design projects, in which the ACADEMIC 
             EMPLOYEE, a member of his/her IMMEDIATE FAMILY, or an 
             ASSOCIATED ENTITY has A FINANCIAL INTEREST.

       SECTION B - Combinations of activities and external 
       relationships in which here is a moderate to high potential 
       for conflict of interest.

       RESEARCH ACTIVITIES

       a)    An ACADEMIC EMPLOYEE participating in clinical trials 
             or evaluation or development of a technology, 
             process, or product owned or controlled by a BUSINESS 
             in which the employee, a member of his/her FAMILY, or 
             an ASSOCIATED ENTITY has a FINANCIAL INTEREST.

       b)    An ACADEMIC EMPLOYEE assigning students, postdoctoral 
             fellows, or other trainees to projects supported by a 
             BUSINESS (through SPONSORED RESEARCH or a GIFT) in 
             which the ACADEMIC EMPLOYEE, a member of his/her 
             FAMILY, or an ASSOCIATED ENTITY has a FINANCIAL 
             INTEREST, other than royalty income or the 
             entitlement to future royalty income under university 
             royalty-sharing policies.

       c)    An ACADEMIC EMPLOYEE receiving University-supervised 
             SPONSORED RESEARCH support or GIFTS (whether in 
             dollars or in kind) for research from a BUSINESS in 
             which he/she, a member of his/her FAMILY, or an 
             ASSOCIATED ENTITY has a FINANCIAL INTEREST, other 
             than royalty income or the entitlement to future 
             royalty income under university royalty-sharing 
             policies. 

      BOARD MEMBERSHIPS

      d)    An ACADEMIC EMPLOYEE receiving research support 
            (SPONSORED RESEARCH or a GIFT) from a BUSINESS in 
            which the employee or a member of his/her FAMILY 
            serves on the board of directors or advisory board.

      EXTERNAL ACTIVITIES

      e)    An ACADEMIC EMPLOYEE holding an EXECUTIVE POSITION in 
            a BUSINESS engaged in commercial or research 
            activities directly related to his/her University 
            responsibilities.

      ADMINISTRATIVE RESPONSIBILITIES

      h)    An ACADEMIC EMPLOYEE taking administrative action on 
            behalf of the University with respect to the 
            University or any University-affiliated organization 
            that is beneficial to a BUSINESS in which he/she, a 
            member of his/her FAMILY, or an ASSOCIATED ENTITY has 
            a FINANCIAL INTEREST.

      i)    An ACADEMIC EMPLOYEE taking administrative action on 
            behalf of the University with respect to any supported 
            research activity (SPONSORED RESEARCH or a GIFT) in 
            which the ACADEMIC EMPLOYEE, a member of his/her 
            FAMILY, or an ASSOCIATED ENTITY has a FINANCIAL 
            INTEREST in the sponsor or donor.

      PROFESSIONAL REFERRALS

      g)    With the exclusion of consulting activities that 
            conform to the consulting policy, an ACADEMIC EMPLOYEE 
            while acting in the context of his/her University 
            duties making professional referrals to a BUSINESS in 
            which he/she, a member of his/her FAMILY, or an 
            ASSOCIATED ENTITY has a FINANCIAL INTEREST of which 
            the ACADEMIC EMPLOYEE is aware or reasonably should be 
            aware.*7

      CATEGORY III  - A combination of an activity and an external 
      relationship that is prohibited: The following activity creates a 
      conflict of interest and is not allowed for ACADEMIC EMPLOYEES:

      PURCHASING GOODS OR SERVICES

      a)    ACADEMIC EMPLOYEES involved with or who may influence purchasing 
            decisions or contracting on behalf of the University must comply 
            with Minn. Stat. § 15.43, Acceptance of Advantage by State 
            Employee, which is fully set forth in Appendix D.

3.  IMPLEMENTATION - CONFLICT OF INTEREST

Successful implementation of this policy assumes a shared responsibility by 
all ACADEMIC EMPLOYEES and the administration of the University.  ACADEMIC 
EMPLOYEES are expected to comply with all the disclosure requirements 
described below.   Once proposed activities have been administratively 
reviewed with a plan of action completed and approved, University 
administration has the responsibility to vigorously defend the activity so 
long as the ACADEMIC EMPLOYEE complies with the plan of action and the 
disclosure requirements.

A.     DISCLOSURE REQUIREMENTS

REQUIREMENTS FOR DISCLOSURE OF FINANCIAL INTERESTS:  Any time an  ACADEMIC 
EMPLOYEE plans to initiate an activity that may be classified under Category 
II of this policy, the ACADEMIC EMPLOYEE must obtain approval of the proposed 
activity before commencing the activity.  For the purposes of this policy, 
disclosure is required when the interest in a BUSINESS by an ACADEMIC EMPLOYEE 
or by an IMMEDIATE FAMILY member exceeds $5,000 in annual income of all types, 
equity or ownership interest valued at 1 percent or more, or commitment for 
any future royalties.  Disclosure is also required when an EXTENDED FAMILY 
member holds an EXECUTIVE POSITION in a BUSINESS, or holds equity or ownership 
interest valued at ten percent or more in a BUSINESS.

DISCLOSURE AT THE TIME OF SUBMITTING A PROPOSAL FOR SPONSORED RESEARCH OR 
RECEIPT OF A GIFT:  All ACADEMIC EMPLOYEEs must disclose relevant FINANCIAL 
INTERESTs to their department heads at the time of their application for 
research support (from internal or external funding sources) or technology 
transfer, or upon receipt of a GIFT if the proposed falls under the provisions 
of this policy.  Funding for the project will not be accessible to the 
ACADEMIC EMPLOYEE until the disclosure of FINANCIAL INTEREST is reviewed and 
approval is given, and other appropriate measures have been implemented in 
accord with this policy.

ANNUAL DISCLOSURE:  All ACADEMIC EMPLOYEEs are required annually to complete 
and  submit to their department heads the Disclosure Form reporting all 
FINANCIAL INTERESTs related to research activities and consulting activities.  
Whenever substantial changes occur that the ACADEMIC EMPLOYEE believes may 
alter the FINANCIAL INTERESTS previously disclosed, an updated form must be 
submitted within thirty (30) days.

DISCLOSURE WHEN INVOLVED WITH REVIEW OR ADVISORY ACTIVITIES:  All ACADEMIC 
EMPLOYEES must temporarily excuse themselves from any University committee or 
review process that is considering an activity in which they have a FINANCIAL 
INTEREST. 

In addition, ACADEMIC EMPLOYEES must also disclose to committee chairs or the 
appropriate administrator any interest (BUSINESS, FINANCIAL, OR FAMILY) that 
might cause the employee to compromise his/her judgment while serving as a 
committee member or making administrative decisions. An example is serving in 
an EXECUTIVE POSITION for any organization that does business with the 
University or sets policies or rules that affect the University's activities.
Disclosure when involved with technology transfer:  When ACADEMIC EMPLOYEES 
are involved with transferring technology through patents or licensing to a 
BUSINESS in which the employee has a FINANCIAL INTEREST,  the employee must 
also disclose the FINANCIAL INTEREST to the Associate Vice President, Office 
of Research and Technology Transfer.

DISCLOSURE TO EXTERNAL ENTITIES: ACADEMIC EMPLOYEEs must disclose relevant 
FINANCIAL INTERESTs to sponsors of research and in reporting by either written 
or oral communication research results.*8  Disclosure must also be made by any 
employee who makes an appearance, either in person or by way of a written 
communication, before any public body, commission, group, or individual, to 
present facts or to give an opinion respecting any issue or matter up for 
consideration, discussion, or action.*9

ADDITIONAL INFORMATION:  When considering approval of Category II activities 
or monitoring Category III activities, the department head, dean, or 
appropriate academic vice president/vice chancellor may require the ACADEMIC 
EMPLOYEE to submit additional clarifying information pertinent to the activity 
under review.  This supplemental information will be treated as non-public 
information to the extent allowed by law.

WAIVING THE REQUIREMENT FOR DISCLOSURE OF FINANCIAL INTEREST:  In special 
situations, ACADEMIC EMPLOYEES may request a waiver of the requirement to file 
a financial disclosure to participate in a specific activity if they can 
document that they are not in a position to influence the accuracy of the 
outcome of the research or the timely and accurate dissemination of the 
results of the research.  A request for a waiver must be submitted to the 
ACADEMIC EMPLOYEE's department head.  The administrative review process should 
follow the procedure described below for Category II - Section A activities.  
If the request for the waiver is denied, then the ACADEMIC EMPLOYEE must 
either comply with the disclosure requirements or not participate in the 
proposed activity.

B.   REVIEW OF APPLICATIONS FOR EXTERNAL SUPPORT OR RECEIPT OF GIFTS

REVIEW PROCESS: The general purpose of reviews is to assist employees and the 
University in avoiding or controlling risks to integrity and reputation 
engendered by such relationships, while at the same time protecting and 
furthering the interests of employees, the University, and society in the 
activities supported by SPONSORED RESEARCH and GIFTS (see Appendix  B,1,b for 
general guidelines for the review process).   

CATEGORY II - SECTION A:  The department head is the responsible administrator 
for this section.  When a department head receives the disclosure form, he/she 
will consider the appropriateness of the activity and will determine a course 
of action that will be reported in writing to the dean to whom the department 
head reports.  The dean will either approve the department head's action or 
submit the disclosure for review following the Category II - Section B 
procedure.  In those instances when the dean does not concur, the activity may 
not proceed until approval is obtained by the Category II - Section B review 
procedure.  Review and decisions on proposed activities for this section must 
be completed within twenty (20) working days after the department head 
receives the written disclosure.

CATEGORY II - SECTION B: The dean is the responsible administrator for this 
section. When a department head receives the disclosure form, he/she will 
consider the appropriateness of the activity and will recommend a course of 
action that will be submitted to the dean to whom the department head reports.  
The dean will refer the proposed activity to the appropriate Conflict Review 
Committee (described below) with or without his/her specific recommendation. 
The Conflict Review Committee will either endorse the dean's recommendation or 
suggest to the dean a course of action.  The dean will then determine the 
course of action for the proposed activity and submit the decision to the 
academic vice president or vice chancellor to whom the dean reports.  The vice 
president/vice chancellor will either concur or return the plan of action to 
the dean for revision. For those proposed activities that would benefit from 
an additional perspective, the vice president/vice chancellor will forward a 
request to the Vice President for Research to refer the activity to the 
Public-Private Partnership Committee (PPPC).  The advice from the PPPC will be 
submitted to the dean, who will determine the course of action and submit the 
decision to the vice president or vice chancellor to whom the dean reports.  
The vice president/vice chancellor will either concur or return the plan of 
action to the dean for revision.  Review and decisions on proposed activities 
for this section must be completed within thirty (30) working days after the 
department head receives the written disclosure except for those activities 
referred to the PPPC.  The proposed activities that are reviewed by the PPPC 
must be completed within an additional thirty (30) working days.  

CONFLICT REVIEW COMMITTEES (CRCs): Each academic vice president or vice 
chancellor will determine whether the review committee(s) should be organized 
at the collegiate level or by area (multiple colleges) and, in consultation 
with appropriate deans, will be responsible for appointing review committee 
members (see Appendix B).  ACADEMIC EMPLOYEEs will have the opportunity to 
meet with the CRC to discuss the situation and possible actions.

APPEAL/RECONSIDERATION PROCESS:  If an ACADEMIC EMPLOYEE believes the 
determined course of action is inappropriate, the employee may appeal or ask 
for the decision to be reconsidered by the dean.   The dean will then refer 
the appeal to the Conflict Review Committee to have the activity reconsidered.  
Upon completion of the review, the dean will act on the recommendation.

RECORD RETENTION:  Each dean will maintain records of all financial disclosure 
statements filed and all actions taken by the institution, on an award-by-
award basis, for at least three (3) years beyond the termination of the award 
or until resolution of any action by the University or governmental agencies 
involving the records.  All records will be maintained in a manner to protect 
confidentiality.

C.   REPORTING AND PREVIOUSLY APPROVED RELATIONSHIPS

Each dean annually will submit a written report to the appropriate academic 
vice president/vice chancellor summarizing all requests and actions regarding 
Category II external relationships.  In addition, the dean must report on 
ongoing Category II relationships to ensure that management and oversight 
activities are being carried out as required.  These reports will be forwarded 
by the vice president or vice chancellor to the Vice President for Research 
for transmission to the Public-Private Partnership Committee, which will 
review activities for consistency and make suggestions for modification of 
operating principles and procedures.  On behalf of the committee, the Vice 
President for Research will communicate its recommendations in writing to the 
vice presidents and vice chancellors, who in turn will communicate in writing 
with their deans.  The Vice President for Research also  will consult with 
appropriate faculty governance committees regarding proposed changes in the 
operating principles and procedures.

4. COMPLIANCE

   The University expects ACADEMIC EMPLOYEEs to comply fully and promptly with 
   all the requirements of this policy.  Breaches of this policy include, but 
   are not limited to, failure to file, intentionally filing an incomplete, 
   erroneous, or misleading disclosure form, or failing to provide additional 
   information as required by the approving authority.  A violation of this 
   policy may be the basis for discipline of an ACADEMIC EMPLOYEE.  If 
   sanctions are necessary, they will be imposed in accordance with the 
   Regulations Concerning Faculty Tenure and the Academic Professional and 
   Administrative Staff Policies and Procedures.  The potential sanctions may 
   include, but are not limited to, the following:
   *     Letter of admonition;  
   *     Ineligibility of the ACADEMIC EMPLOYEE for grant applications, 
         Institutional Review Board (IRB) approval, or supervision of graduate 
         students;
   *     Suspension;  
   *     Nonrenewal of appointment;  
   *     Dismissal.

5. OTHER APPLICABLE POLICIES AND LAWS

   The statement  of principles contained in this policy complements the 
   provisions of other applicable policies, regulations, and laws.  These 
   include Regents' policies on "Patent and Technology Transfer"; "Consulting 
   and Outside Affiliations: Outside Consulting, Service Activities and Other 
   Outside Work"; and the "Faculty and Staff Grievance Procedure."  Other 
   relevant guidelines include the "Regulations Concerning Faculty Tenure"; 
   Purchase of Services Policies and Procedures, and applicable state and 
   federal law.  This policy is intended to help implement and expand upon 
   these other related requirements.  

   This policy supersedes all others with respect to matters covered herein.

===========
FOOTNOTES
===========
1. Definitions of terms appearing in small capital letters are listed in 
   Appendix A.

2 See definition of FAMILY (IMMEDIATE FAMILY and EXTENDED FAMILY) in 
  Appendix A.

3 Department head is used as a generic term for the immediate administrator, 
  which is normally the department head, department chair, or director.

4 This Conflict of Interest Policy does not supersede the "Patent and 
  Technology Transfer Policy" or any future policies on intellectual property.

5 Products produced for a specific University job assignment are excluded and 
  remain the property of the University.

6 Consistent with the Academic Personnel Policy on "Use of Educational 
  Materials, the Sale of which Benefits Personally Faculty or Staff Members," 
  the approval of the appropriate department head or dean is required when an 
  ACADEMIC EMPLOYEE selects materials for assignment to University students 
  the sale of which will provide personal income to the employee. 

7 Only in special situations should full-time ACADEMIC EMPLOYEES be permitted 
  to engage in this type of activity, for example, when the function is not 
  generally available from other sources and the employee fully discloses 
  his/her relevant FINANCIAL INTEREST to prospective clients.

8 When submitting a paper for publication, an ACADEMIC EMPLOYEE must disclose 
  to the editor any FINANCIAL INTEREST that may be affected by publication.  
  This provision also applies to release of information to news media.

9 This is taken from the Regents' Policy on "Presenting Testimony - 
  Identification of Affiliations."  The intention is to replace that policy by 
  including its basic provisions in the conflict of interest policy and also 
  in the conflict of commitment policy.

APPENDIX A - OPERATING DEFINITIONS

a) ACADEMIC EMPLOYEE means any person possessing either a full-time (any 
   employee holding an appointment of more than 66 percent time) or part-time 
   academic or staff appointment at the University and includes all persons
   with the following class numbers:  Academic Administrative 93xx; Faculty
   94xx; Minnesota Extension Service 96xx; and Academic Professionals 97xx.   
   Also included in this category are those individuals, whether salaried or 
   not salaried, who on behalf of the University are responsible for writing 
   and submitting grants.

b) An ASSOCIATED ENTITY of an ACADEMIC EMPLOYEE means any trust, organization, 
   or enterprise over which the employee, alone or together with his/her 
   FAMILY, exercises a controlling interest.

c) BUSINESS means any corporation, partnership, sole proprietorship, firm, 
   franchise, association, organization, holding company, joint stock company, 
   receivership, business or real estate trust, or any other nongovernmental 
   legal entity organized for profit, not-for-profit, or charitable purposes.

d) EXECUTIVE POSITION refers to any position that includes responsibilities 
   for a significant segment of the operation or management of a BUSINESS.

e) EXTENDED FAMILY of an ACADEMIC EMPLOYEE includes children who do not 
   qualify as dependents for tax purpose, parents, and siblings.

f) The FAMILY of an ACADEMIC EMPLOYEE includes both IMMEDIATE FAMILY and 
   EXTENDED FAMILY.

g) A FINANCIAL INTEREST is an interest in a BUSINESS consisting of: (1) any 
   stock, stock option, or similar ownership interest in such BUSINESS, but 
   excluding any interest arising solely by reason of investment in such 
   BUSINESS by a mutual, pension, or other institutional investment fund over 
   which the ACADEMIC EMPLOYEE does not exercise control; or (2) receipt of, 
   or the right or expectation to receive, any income from such BUSINESS 
   whether in the form of a fee (e.g., consulting), salary, allowance, 
   forbearance, forgiveness, interest in real or personal property, dividend, 
   royalty derived from the licensing of technology or other processes or 
   products, rent, capital gain, real or personal property, or any other form 
   of compensation, or any combination thereof.  For the purposes of this 
   policy, disclosure is required when the interest in a BUSINESS by an 
   ACADEMIC EMPLOYEE or by an IMMEDIATE FAMILY member exceeds $5,000 in annual 
   income of all types, equity or ownership interest valued at 1 percent or 
   more, or commitment for any future royalties.  Disclosure is also required 
   when an EXTENDED FAMILY member holds an EXECUTIVE POSITION in a BUSINESS, 
   or holds equity or ownership interest valued at ten percent or more in a 
   BUSINESS.

h) GIFT means an unrestricted donation of assets to the University or any 
   portion of the University.  The donor may specify the general purpose for 
   which the gift may be used, but there may be no other terms and conditions 
   concerning the use of such assets.  Assets may be in the form of cash, 
   securities, tangible personal property, partnership interests, or pledges 
   for acceptable assets that are assigned to the University.  For the 
   purposes of this policy, disclosure is required when (a) a GIFT is from a 
   BUSINESS in which an ACADEMIC EMPLOYEE has a FINANCIAL INTEREST or (b) the 
   value of the GIFT exceeds $1,000 in a given year.

i) IMMEDIATE FAMILY includes the ACADEMIC EMPLOYEE's spouse or domestic 
   partner, and children who qualify as dependents for tax purposes.

j) PARTICIPATE means to be part of the described activity in any capacity, 
   including, but not limited to, serving as the principal investigator, co-
   investigator, research collaborator, or provider of direct services or 
   patient care. The term is not intended to apply to individuals who provide 
   primarily technical support or who are purely advisory, with no direct 
   access to the data (e.g., control over its collection or analysis) or, in 
   the case of research with human subjects, to the study participants, unless 
   they are in a position to influence the study's results or have privileged 
   information as to the outcome.

k) SPONSORED RESEARCH means research, training, and instructional projects 
   involving funds, materials, or other compensation from outside sources 
   under agreements that contain any of the following: The agreement binds the 
   University or an affiliated institution to a line of scholarly or 
   scientific inquiry specified to a substantial level of detail;  a line-item 
   budget is involved;  financial reports are required; the award is subject 
   to external audit; unexpended funds must be returned to the sponsor at the 
   conclusion of the project; or the agreement provides for the disposition of 
   either tangible or intangible properties that may result from the activity.

APPENDIX B - CONFLICT REVIEW COMMITTEES

1)    CONFLICT REVIEW COMMITTEES

      (a)    FORMATION AND MEMBERSHIP

      Academic vice presidents and vice chancellors will form one or more 
      Conflict Review Committees (CRCs) for their areas to review the 
      potential for conflicts of interest respecting SPONSORED RESEARCH, 
      funding and GIFTs.  Committees may be organized by area (multiple 
      colleges) or for particular colleges where the number of such cases or 
      their nature justify a separate committee.  Three-quarters of the voting 
      member-ship of each CRC will be faculty members from the area or 
      college(s) to be served.  The remaining one-quarter of the voting 
      members will include faculty from outside the college(s) and 
      representatives from outside the University.  Some of the members should 
      be individuals who have participated in approved external relationships.  
      Each CRC will also include nonvoting staff representa-tion from the 
      Office of Research and Technology Transfer.  The academic vice 
      president/vice chancellor will decide on the composition of each CRC and 
      select its members in consultation with the appropriate deans. 

      (b)    GUIDELINES

      The principal objective for the review committees and responsible 
      administrators is to help guard ACADEMIC EMPLOYEEs and the University 
      from engaging in activities where the risk to integrity and reputation 
      as a result of an external relationship outweighs the value of the 
      activity to academic and societal goals.  Relevant factors for the
      review committees and responsible administrators to consider are the 
      size of the FINANCIAL INTEREST, when the relationship commenced, whether 
      the conditions of the relationship have changed during the past year, 
      the likelihood of actual conflict (will the results of the activity 
      likely be affected by or affect the FINANCIAL INTEREST), mechanisms to 
      ensure integrity (peer review, other independent research sites, and 
      independent monitors or controls), the importance of the proposed 
      activity, and the availability of alternatives to avoid the conflict or 
      apparent conflict. 

      One possible recommendation as a result of the review is approval of the 
      activity as proposed if it is concluded that the potential for conflict 
      is so remote or inconsequential that there is minimal probability for 
      biasing the objectivity of the activity.  Other possible recommendations 
      are to require periodic peer review of the activity (oversight) by 
      individuals independent of the ACADEMIC EMPLOYEE, outside monitors for 
      the activity, divestiture of the FINANCIAL INTEREST, modification of the 
      plan of work, or assignment of different ACADEMIC EMPLOYEEs without a 
      FINANCIAL INTEREST to control the activity.  To the extent possible and 
      reasonable under the circumstances, and in light of the importance of 
      the activity, the review committees and responsible administrators will 
      work with ACAD-EMIC EMPLOYEEs to develop means for the activity to take 
      place while protecting the integrity and the reputation of the ACADEMIC 
      EMPLOYEEs and the University.  In special circumstances upon receiving 
      advice from the PPPC, the academic vice president/vice chancellor may 
      approve the activity for a limited period of time due to the potentially 
      great benefit from the activity even though there is a high potential 
      for conflict of interest.  

2)    PUBLIC-PRIVATE PARTNERSHIP COMMITTEE

      (a)    FORMATION AND MEMBERSHIP

      The Vice President for Research will form a Public-Private Partnership 
      Committee (PPPC) to advise the University administration on complex 
      ethical issues that cannot be resolved by direct application of existing 
      policies.  Although some members of this committee will be drawn from 
      within the University to provide relevant information and guidance, the 
      majority will represent a broad spectrum of constituencies outside the 
      University.

      (b)    GUIDELINES

      The PPPC will provide advice on how to handle proposed activities that 
      require an additional perspective beside that provided by the CRC.  The 
      PPPC will also annually perform a retrospective review of all decisions 
      involving Category II relationships and provide advice on how  policies 
      and procedures might be modified to maintain the integrity of the 
      institution.  The Vice President for Research will serve as the liaison 
      between the PPPC and the other vice presidents/vice chancellors.  The 
      Vice President for Research also will confer with appropriate faculty 
      governance committees regarding proposed changes in the operating 
      principles and procedures. 

APPENDIX C - EXISTING RELATIONSHIPS 

This policy takes a broader view of the potential for conflict of interest and 
contains more stringent guidelines than the policy it replaces.  As a result, 
it is expected that certain existing relationships of ACADEMIC EMPLOYEEs will 
have to be modified.  In order to implement the policy, ACADEMIC EMPLOYEES 
must disclose all existing external relationships to department heads for 
review as specified in Section 3.  This provision also applies to all new 
ACADEMIC EMPLOYEEs hired after this policy is adopted.  The following section 
sets forth transitional rules for removing identified conflicts.  They apply 
to activities department heads and deans have determined to be unallowable.

MECHANISMS FOR REMEDIATION

If a department head or dean decides an existing combination of an activity 
and external relationship is unallowable, the ACADEMIC EMPLOYEE can do any of 
the following to remove the potential for conflict of interest:

*  Divestiture of FINANCIAL INTERESTS in publicly traded BUSINESSes:  Within 
   three months following the administrative decision, the ACADEMIC EMPLOYEE 
   must divest at least 75 percent of relevant stock holdings; 100 percent of 
   the stock must be divested by the end of the sixth month.

*  Divestiture of FINANCIAL INTERESTs in privately held BUSINESSes:  The 
   ACADEMIC EMPLOYEE will be required to divest himself/herself of his/her 
   interest at the earliest reasonable time in the judgment of the department 
   head or dean.  The University must be assured that the ACADEMIC EMPLOYEE 
   will not be obligated to future activities or responsibilities for the 
   BUSINESS.

*  Retaining FINANCIAL INTERESTs but withdrawing from University activity: In 
   lieu of divestment of a FINANCIAL INTEREST, an ACADEMIC EMPLOYEE may retain 
   the interest and instead discontinue the University activity in question.  
   In such circumstances the ACADEMIC EMPLOYEE may continue to participate in 
   the research for a period not to exceed six months following notification 
   that the combination of activities and external relationships is not 
   approved. Under such circumstances, the implementation of appropriate 
   monitoring procedures may be warranted during such period.

*  Resigning or taking a leave from an EXECUTIVE POSITION in BUSINESS related 
   to an ACADEMIC EMPLOYEE's University activity:  A full-time ACADEMIC 
   EMPLOYEE with an EXECUTIVE POSITION in a BUSINESS that is deemed 
   unallowable must resign or take a leave of absence from the position within 
   a period determined to be reasonable under the circumstances.  In no case 
   will this period exceed six months from the determination that the 
   relationship is not acceptable. In making these arrangements, efforts will 
   be made to minimize the disruption the change might create for the parties 
   involved.

APPENDIX D - MINN. STAT. 15.43, ACCEPTANCE OF ADVANTAGE BY STATE EMPLOYEE

SUBDIVISION 1.  Financial interest of agents.  No employee of the state or of 
the University of Minnesota in direct contact with suppliers or potential 
suppliers to the state or the university, or who may directly or indirectly 
influence a purchasing decision or contract by establishing specification, 
testing purchased products, evaluating contracted services, or otherwise has 
official involvement in the purchasing or contracting process may: 

     (1)  Have any financial interest or have any personal beneficial interest 
          directly or indirectly in contracts or purchase orders for goods or 
          services used by, or purchased for resale or furnished to a 
          department or agency of the state or the university; or

    (2)  Accept directly or indirectly from a person, firm, or corporation to 
         which a contract or purchase order has been or may be, awarded, a 
         rebate, gift, money, or anything of value other than items of nominal 
         value.  No such employee may further accept any promise, obligation 
         or contract for future reward.

SUBD. 2.  TEXTBOOKS EXEMPTED.  Textbooks authored by an employee of the 
state's education systems or of the University of Minnesota may be used as 
required course material upon receipt of written approval from the head of the 
department.  Instructors in state institutions and at the university may 
accept free samples of textbooks and related teaching materials.

SUBD. 3.  OTHER EXEMPTIONS.  The commissioners of human services and 
corrections, and the chancellors of the state university and community college 
systems may by rule prescribe procedure for the acceptance of gifts from any 
person or organization, provided that such gifts are accepted by the 
commissioner or chancellor, or a designated representative of the commissioner 
or chancellor, and that such gifts are used solely for the direct benefit of 
patients, inmates or students under the jurisdiction of the accepting state 
officer.

Subd. 4.  Penalties.  A violation of this section is a misdemeanor.

History: 1973 c 349 s 2; 1973 c 400 s 1; 1975 c 321 s 2; 1982 c 560 s 7; 1984 
c 654 art 5 s 58; 1986 c 444

                                                         JUDITH GARRARD, Chair
                                                Faculty Consultative Committee

                                                             CARL ADAMS, Chair
                                                     Faculty Affairs Committee

DISCUSSION:

     Professor Carl Adams introduced the proposed Conflict of Interest Policy.  
The proposed statement of policy is concerned with academic employees' 
activities and their related external relationships.  The existing policy 
statement simply does not meet the University's current and future needs.  It 
should be noted that the proposed statement is part of a larger effort to 
develop a comprehensive, coherent, and complimentary set of policies to guide 
and protect academic employees.  The purposes of the Conflict of Interest 
Policy are: 1) to establish the essential desireability of many activities and 
related external relationships engaged in by the University's academic 
employees, 2) to acknowledge the possibility of abuse in some activity in 
external relationship combinations, and 3) to establish guidelines and 
procedures to protect the actual and perceived integrity of each of the 
academic employees of the University and that of the University as a whole.  
Some may feel the policy represents an intrusion on rights and privacy, 
however, major Federal agencies have made it clear that they will soon require 
the University to have a policy of this type if it is to continue to receive 
its support.  Others, Professor Adams said, may feel the policy is too 
limited; however, it is important that essential freedoms of academic 
employees not be infringed on unnecesarily. 

     Professor Adams assured the Faculty Senate that the proposed policy 
received major faculty input in its development.  It received extensive review 
by the Faculty Affairs Committee, the Research Committee, and the Faculty 
Consultative Committee.  In addition, there was strong faculty representation 
on the Academic Integrity Committee (AIC) which developed the policy.

     Professor Seashore Louis, member of the AIC, said the committee was 
concerned about the complexity of the policy but believed the University, as a 
land-grant institution, has a responsibility to help move the results of its 
reseach into the public and private sector.  Therefore, if the policy is going 
to protect the faculty's interests, that is to ensure that the University will 
stand behind its academic employees, the policy needed to be complex enough to 
include several layers of review and adequate oversight.  

     The policy, said the AIC chair Dr. Mark Brenner, attempts to present with 
some clarity the types of interactions of internal activities with 
associations of external relationships that are generally acceptable and/or 
require disclosure and review.  Dr. Brenner expressed appreciation to the many 
groups and individuals that worked for so long and so diligently on its 
development.

     A question was raised about the reference to "academic employees" 
throughout the policy.  Why are non-academic employees not included in this 
policy?  Dr. Brenner responded that all individuals in the University who are 
in a position to influence the outcome of research or other activities and who 
have a financial interest should be covered by some type of policy.  The AIC, 
which was primarily a faculty committee, believed it needed to address in a 
comprehensive way the faculty issues.  There should be a companion policy for 
civil service employees.  Efforts will begin soon, with participation by civil 
service employees, to develop such a policy.  Similarily, there needs to be a 
policy addressing graduate assistants.  A policy for administrators is already 
in the advanced stages of development.

     An inquiry about the following phrase was also raised:  "...University 
administration has the responsibility to vigorously defend the activity so 
long as the academic employee complies with the plan of action and the 
disclosure requirements."  Does this mean the University will not only 
ethically and morally defend the individual, but also provide financial 
resources for legal defense?  And, if so, does the academic employee have the 
right to select his/her own legal representation?  Dr. Brenner responded that 
the AIC did intend that the University should both morally and legally defend 
its faculty.   President Hasselmo added that the Board of Regents has 
authorized him "to provide legal counsel for all members of the University 
community in their proper exercise of their responsibilities within the 
University community."  That means, he said, that a faculty member who 
complies with appropriate rules and regulations will be defended legally by 
the University.  The individual would be allowed to participate in the 
selection of the legal counsel.  If there is a clear violation of University 
policy, the University will not pay for legal representation. 

     It was suggested that footnote 3 be expanded to include those units that 
do not have operating department heads, chairs, or directors.  It was further 
suggested that Footnote 5 be clarified.

     Under Category II-Section B, a clarification was made that reviews could 
take up to 3 months for completion.  Dr. Brenner responded that that would be 
the extreme situation.  He believes the norm would be within 20 days, as 
outlined in Category II-Section A.  Some faculty felt 90 days of University 
bureaucracy would be enough to send companies or organizations to another 
institution.  Dr. Brenner underscored that the timelines are outer limits.  
Also, the extra review required under Section B is done only in sensitive 
situations and will more than likely help the credibility of the activity.

     One person inquired whether the criteria for Review Committee members, 
which are clearly articulated in the document, are meant to apply to other 
reviewers as well?  Dr. Brenner said that they are and agreed that should be 
clearly identified in the policy.  

     THE FOLLOWING MOTION WAS THEN PRESENTED AND ACCEPTED AS A FRIENDLY 
     AMENDMENT:

          TO ADD IN LINES 412, 415, AND 431/432 THE WORDS "AND 
          RESPONSIBLE ADMINISTRATORS" AFTER THE WORDS "REVIEW 
          COMMITTEES."

     Another senator suggested including grandparents and children under the 
definition of "immediate family." While it is a rationale idea, Dr. Brenner 
said, implementation is too cumbersome.  It is not practical to expect faculty 
to keep track of the investment portfolios of people outside their immediate 
household.  

     BECAUSE THE TIME LIMIT FOR DISCUSSION OF THIS ITEM HAD EXPIRED, A 
     MOTION TO EXTEND THE TIME WAS APPROVED.

     The next issue focused on the definition of "business" under Board 
Memberships, and whether the document should distinguish between proprietary 
and non-profit organizations.  The AIC did not make that distinction because 
there are so many unusual situations, particularly in how foundations channel 
funds.  One senator argued that leaving the language as written is a 
bureaucratic infringement on the faculty, requiring them to get permission 
just about every time they submit grants.  Professor Louis said it is her 
understanding that government agencies are not included in this section.  If 
that is the case, said the senator, then the document should say that.

     THE FOLLOWING MOTION WAS THEN PRESENTED BUT FAILED TO RECEIVE MAJORITY 
     APPROVAL:

              TO ADD IN LINE 145 THE WORDS "FOR PROFIT" BEFORE THE 
              WORD "BUSINESS."

     A FINAL MOTION TO ADD IN LINE 352 THE WORD "NON-GORERNMENTAL" 
     BEFORE THE WORD LEGAL WAS ACCEPTED AS A FRIENDLY AMENDMENT.

     Hearing no further discussion, the President turned to the main motion--
     the proposed policy as amended.

     A MOTION TO APPROVE THE PROPOSED CONFLICT OF INTEREST POLICY, AS 
     AMENDED, WAS OVERWHELMINGLY APPROVED ON A VOICE VOTE.

                                                                      APPROVED


                          III.  OLD BUSINESS

                                  NONE


                           IV.  NEW BUSINESS

     Professor Garrard distributed and reviewed the Faculty Consultative 
Committee's quarterly report to the Board of Regents.  The text of the report 
follows:

                       REPORT TO THE FACULTY SENATE

     The FCC presents a report to the Board of Regents on a quarterly 
     basis.  My report to you today is the same one presented at the 
     February Regents meeting.

     Before giving you this report, I want to give you a bit of 
     background information.  This year marks the first time that the 
     administration and the regents have established a new process for 
     preparing the annual budget.  A planning process was introduced 
     that consists of budget targets, called Resource Allocation 
     Guidelines.  These targets were presented to the Regents in 
     January, but the budget will not be finalized until May.

     Central administration's target budget included five major 
     components: (1) a 5% tuition increase, (2) a 6% salary increase, 
     (3) a strategic investment pool of $8.5 million to support U2000, 
     (4) a continuation of the retrenchment and reallocation, and (5) a 
     deficit of $7.5 million. The administration consulted with the 
     Senate Committee on Finance and Planning and with the FCC in the 
     preparation of this proposed budget.

     When the proposed budget was presented to the Regents in January, 
     the Regents said that they wanted a new set of guidelines that cut 
     the tuition request from 5% to 3% which amounted to approximately 
     $3 million, left the salary increase at 6%, and left the strategic 
     investment pool at $8.5 million.  This meant that the deficit grew 
     from $7.5 million to $10.2 million.  These are still planning 
     guidelines, and in that context, let me describe to you the FCC 
     Chair's February report.

                    FCC REPORT TO THE BOARD OF REGENTS
                             FEBRUARY 19, 1994

     This FCC report to the Board of Regents consists of one item: the 
     future of U2000.

     Since the regents' retreat last September, the academic community 
     has engaged in a discussion about the strategic plan.  From the 
     perspective of faculty involvement, these activities fall into 
     three distinct stages.

     -     Stage 1 lasted throughout fall quarter and consisted of 
           discussion and consultation about the need for a strategic 
           plan and its broad characteristics.  In December, the 
           Faculty Senate approved the administration's proposal for 
           the framework for U2000.

     -     For the past two months, we have been in the midst of Stage 
           2, in which planning is being developed at the collegiate, 
           departmental, and unit levels.  Specifically, we are filling 
           in the details of the framework for U2000.

     -     Stage 3 is in the future and will consist of a translation 
           of these plans into action.

The implementation of U2000 requires resources.  Some of the resources were 
woven into the Resource Allocation Guidelines presented by the Administration 
at the January meeting of the Board of Regents.  We note, with approval, that 
there is a proposal that additional resources will be requested from the 
Legislature in the form of extra appropriations.

Let me return to the proposal for the 1994-95 Resource Allocation Guidelines.  
Prior to the January regents meeting, FCC and the Senate Committee on Finance 
and Planning had engaged in consultation about these Guidelines.  We agreed on 
the following points:

     -     The Guidelines represented a balanced budget proposal 
           consisting of five major components: tuition, salary, 
           retrenchment and reallocation,a strategic investment pool, 
           and, by necessity, a deficit.

     -     The Guidelines also emphasized long term investments in the 
           institution over short term solutions.

     -     Following consultation and discussion with President 
           Hasselmo and Vice President Infante and Erickson, the FCC 
           and the Senate Committee on Finance and Planning were agreed 
           that the proposed budget guidelines represented a shared 
           sacrifice approach to carving out some of the needed 
           resources for U2000.

In the administration's proposed guidelines, all members of the academic 
community would be called upon to make sacrifices in order to generate a 
Strategic Investment Pool (SIP). Let me outline these contributions:

     -     We note with appreciation the commitment of the 
           administration and the enthusiastic support by members of 
           the Board of Regents to the proposed salary increase.  
           However, an increase of 6%, proposed for continuing, non 
           represented faculty, or even the 7.2% increase for 
           continuing civil service and bargaining unit employees 
           represents a sacrifice by all members of the University 
           community, faculty, staff, and student employees in light of 
           no salary increases in 2 of the past 3 years.

     -     Faculty, staff, and student employees will also make a 
           contribution through programmatic cuts due to retrenchments 
           made this year and last year in support of the on-going 
           retrenchment and reallocation process and in the proposed 
           deficit of $7.5 million.  The administration has estimated 
           that $1 million is equal to approximately 35 positions.  On 
           that basis, a $7.5 deficit means the loss of about 250 
           employee jobs.

     -     The proposed guideline of 5% for tuition increase  
           represents a reasonable contribution to the future of their 
           university by its students.  The FCC and the Finance and 
           Planning Committee agreed with the administration's 
           rationale that a 3% tuition increase plus an additional 2% 
           to support the SIP was justified.

Thus the proposed guidelines represented a balanced approach to providing the 
resources needed to begin to implement U2000.  Faculty and staff are called 
upon to make contributions through reductions in terms of compensation 
increases and programmatic cuts.  The students' contribution, in terms of a 
modest tuition increase, represents a down payment on their improvements in 
student education envisioned by U2000.

The Regents' action at the January meeting would require another $3 million in 
retrenchment, approximately 2% of budget.  in the minds of many faculty, a 2% 
retrenchment this year on top of a 2.4% retrenchment last year, brings into 
question the long term commitment of the University to the quality envisioned 
by the strategic planning process that is underway.  A proposed reduction in 
tuition would save only $69 per year for an average full time student, but it 
would cause the loss of the equivalent of an additional 95 employee positions.

We are deeply concerned that continuing programmatic cuts will undermine the 
base from which U2000 is to be built.  If the strategic planning process is to 
be realized and implementations for U2000 is to begin, then a commitment must 
be made to the underlying quality of the academic programs, with long term 
investment in competitive salaries, a strategic investment pool, and realistic 
tuition levels.

For decades the physical infrastructure has been undermined through 
underfunding of the facilities budgets, and we are now paying the cost of the 
neglect in terms of deferred maintenance.  We should not make the same mistake 
in underfunding the intellectual infrastructure of the University, especially 
when planning for the future is just beginning.

We urge you, the Regents, to make this commitment to the future of U2000 by 
making the hard decision to hold retrenchments to the level contemplated in 
the Resource Allocation Guidelines as originally proposed by the 
administration in January.


                              V. ADJOURNMENT

The meeting was adjourned at 4:10 p.m.

                                                               Martha Kvanbeck
                                                                    ABSTRACTOR