( MSU Progress on the Kentucky Plan
l He shared infomation on MSU’s Progress on the Kentucky Plan and included
some material around the Kentucky Plan for resident African American students where
goals are given to each institution. Those goals are assessed and based upon reaching _
those goals a determination is made by the Council on Postsecondary Education (CPE) on _
whether we can go forward with new programs. We have met those goals.
Provost Gary Brockway expressed appreciation for the hard work across campus.
He added that we are very pleased because the University now has automatic eligibility
for the approval of new academic programs through the CPE.
Racer Advantage Grant
Dr. Dunn reviewed the Racer Advantage Grant, a financial aid program for low-
income Kentucky residents. The Grant will allocate $150,000 for the 2007-2008 school
year with that same amount available each year and the maximum being $600,000 at the
end of the four years. Dr. Durm informed the Regents that the money will come from
reallocations in the current budget and private gilt opportunities.
The program targets in-state students because the University already offers
discounted tuition rates for students from neighboring states. Also, the state’s CPE has a
goal of doubling the number of degree holders inthe state by 2020. This grant program
will help meet that goal. I
The Board’s approval of the program will be taken to the CPE meeting in early
Report of the Chair
In lieu of time constraints, the Chair did not have a report.
Report of the Treasurer
Treasurer Tom Denton presented and reviewed the Financial a.nd Investment
Reports for the period of July l, 2006, through December 31, 2006. Following a brief
discussion, Mr. Stout moved, seconded by Dr. Morgan, that the Treasurer’s Report be I
accepted. Motion carried. 1
(See Attachment #4) i
Gifts, accepted .
Ms. Hays moved that the Board of Regents, upon the recommendation ofthe _
President of the University, accept the following gifts:
OPNET Modeler version 12 software valued at $440,000,
donated by OPNET Technologies, Inc. Of Bethesda, Maryland
22,000 lbs of Vision Plus coated paper valued at $12,650,
donated by NewPage Corporation of Wickliffe, KY
Mrs. Ford seconded and the motion carried.