The board also approved the purchase of about 130 acre feet of water rights. The regents approved a revision to the New Mexico Tech Investment Policy to reflect the current investment pool ratios. Each unit will also have a shared kitchen and living space. The complex will add 144 beds to campus housing. The regents accepted the plans and approved the construction of the halls.
Construction is scheduled to begin soon.
The board went into executive session to discuss personnel matters. At 6 p.m., the regents declared a recess until Saturday morning. The board reconvened after the recess from Friday's meeting. All the regents were present. The board unanimously approved the list of candidates for graduation.