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Minutes of the Meeting of August 20, 2010

The August 20, 2010 meeting of the Texas Woman’s University Board of Regents was called to order at the appointed time and place by Mr. Harry Crumpacker, Board Chair and Presiding Officer. Present were Mr. Crumpacker, Ms. Sarah Adams, Ms. Lola Chriss, Mr. Mike McCullough, Dr. Ann Scanlon McGinity, Dr. Cecilia Moreno, Mr. George Schrader, and Mrs. Mary Wilson, constituting a quorum.

There was no executive session.

The Board considered approval of the minutes of the Board meeting of June 4, 2010. Upon motion by Mr. Schrader and second by Mrs. Wilson, these minutes were unanimously approved.

Mr. Crumpacker noted that no registrations of public testimony items were received for this Board meeting.

Mr. Crumpacker called for consideration of the Finance and Audit Committee items. Mr. McCullough made a motion for approval of the personnel report (Exhibit 2108), the acceptance of grants (Exhibit 2109), and the contracts and agreements (Exhibit 2110). The motion was seconded by Mrs. Wilson and unanimously approved. Next, a motion was made by Mr. McCullough and seconded by Mrs. Wilson for approval of the FY 2011 Budget as presented to the Finance and Audit Committee of the Board of Regents on Thursday, August 12, 2010 (Exhibit 2111). All voted in favor. After motion by Mr. McCullough and second by Dr. Scanlon McGinity, the Board voted unanimously for approval, except for the abstention of Regent Wilson, to authorize the Vice President for Finance and Administration to enter into a contract with Hester Capital Management, L.L.C., to serve as endowment funds investment manager for two years with three one-year extension options, effective September 1, 2010. A motion was made by Dr. Moreno for approval to distribute an amount equal to four (4) percent of the University Endowment Corpus, which is approximately $390,000, to the TWU Endowment Distribution Accounts, this money to come from Board Designated Tuition and/or investment earnings, which was seconded by Mr. McCullough, and all voted in favor. Mrs. Wilson made a motion for approval to authorize the Vice President for Finance and Administration to purchase properties within the Master Plan Area for the Denton Campus and to purchase the property at 717 Texas Street, Denton, Texas for $43,400, this being within the Master Plan Area for the Denton Campus and the funds to purchase this property to come from Designated Tuition, which motion was seconded by Dr. Scanlon McGinity and unanimously approved. A motion was made by Dr. Moreno and seconded by Mrs. Wilson for approval to authorized expenditure of funds from the University Reserves in advance of receiving reimbursements from the American Recovery and Reinvestment Act Funds in an amount not to exceed $1,832,038. All voted in favor. Dr. Moreno made a motion for approval of the FY 2011 Annual Audit Plan of the Office of Internal Audits (Exhibit 2112). The motion was seconded by Mr. McCullough and unanimously approved.

Mr. Crumpacker then called for consideration of the Institutional Development Committee items. Mr. Schrader made a motion, seconded by Mrs. Wilson, for acceptance of the gifts to TWU (Exhibit 2113). All voted in favor.

Next, Mr. Crumpacker called for Academic Affairs Committee items. Dr. Moreno made a motion for approval of the proposal for a new Bachelor of Applied Science degree with a major in General Business (Exhibit 2114). The motion was seconded by Mrs. Wilson and unanimously approved. A motion was made by Dr. Moreno and seconded by Mrs. Wilson for approval of a Grayson County College Facility Utilization Fee for TWU students in the amount of $.90 per student contact hour, effective Spring 2011 (Exhibit 2115). All voted in favor. After motion by Dr. Moreno and second by Mr. McCullough, the Board voted unanimously for approval of Dr. Karen Lyon for tenure, whose name was inadvertently left out of the list of recommendations in June.

Mr. Crumpacker called for consideration of the Information Services Committee items. A motion was made by Mr. Schrader and seconded by Dr. Moreno for approval to transfer $450,000 from Technology Fee Fund Balance to Technology Fee M&O (Exhibit 2116). All voted in favor.

Mr. Crumpacker called for consideration of Student Life Committee items. Mr. McCullough made a motion for approval of the new Tuberculosis and Case Management Policy, to be effective August 23, 2010 except as otherwise set out in the Policy (Exhibit 2117), which motion was seconded by Dr. Scanlon McGinity and unanimously approved. A motion was made by Mrs. Wilson and seconded by Mr. Schrader, and all voted in favor, for approval of an expenditure of up to $35,000 from the Pledged Auxiliary Fund Balance to install a deck surrounding the Clubhouse located at the Golf Course.

In the report from the Chancellor and President, Dr. Ann Stuart thanked everyone for a wonderful meeting. She reminded the Regents that school opens on Monday and that she will deliver the State of the University Address to the faculty Monday morning. Dr. Stuart announced that record enrollment is expected for the Fall semester, which translates to financial planning. She then displayed the bridal edition of the PaperCity Magazine that featured a piece of art from a TWU faculty member, gaining much publicity for the University. Dr. Stuart then distributed a notification of the date for the grand opening of the new TWU T. Boone Pickens Institute of Health Sciences – Dallas campus and said that she looks forward to this great year ahead of us.

As he brought the meeting to a close, Mr. Crumpacker thanked everyone for attending today’s meeting. He commended Dr. Stuart for the tours arranged for the Regents to view the wonderful facilities on campus and for the opportunity to see and hear from our students giving the Board a better view of the whole experience at TWU.

There being no other business, the meeting concluded.

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